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| HPI Index
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| | HPI is a measure of the cost of single-family house. It is a movement of single-family house prices. It serves as an indicator of the house price trends at various geographic levels.
Initially this index was prepared on quarterly basis and would compile the index for 10 major cities- Greater Mumbai, Kolkata, Delhi, Chennai, Banagalore, Hyderabad, Ahemdabad, Kanpur, Jaipur and Patna. India is only the third country in the world after the US and UK to have such an index.
Usually in the developed markets, housing prices are seasonal with prices varying during the course of the year. For example the prices tend to be higher in the spring and summer months when the people are more interested in buying a property.
But the sources say that the index may at the present be rolled out on a quarterly basis and thereafter it may turn into a monthly feature. The HPI can also track the extent of inflation taking place in the housing prices across the country.
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construction work and is one of the most reputed names in the real estate business.
Some of the projects made by Express builders are Express residency: Bangalore, Express Market: Indirapuram, Gitanjali Layout: Bangalore etc.
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