Real Estate Portal, housing.com and Indian School of Business has launched an index to track prices of residential properties across eight major cities.
Housing Price Index (HPI) has launched to provide real time data to all stakeholders. It will be useful for home buyer as well as policy maker to decide their next move. As it will bring transparency and enhance the trust between all concerned entities.
HPI will cover initially Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune.
Penalty of Rs 10 Crore Imposed on HDFC