Pune has topped the list of 16 cities which have witnessed an increase in residential property prices during April-June, data released by the National Housing Bank showed.
The western Indian city saw prices raise 10.5 per cent, with Bengaluru (8.7 per cent), Patna (8.6 per cent) in second and third slot. Residential property prices rose at a more modest rate of around 4 per cent, NHB's Residex revealed. Three Indian cities - Jaipur (2.6 per cent), Indore (2.4 per cent and Hyderabad (1 per cent) - however, saw a marginal decrease in prices. A rise in interest rates, coupled with rising property prices has affected property demand, prompting several builders to hold back on further increase in prices.