Home buyers, Hyderabad real-estate developers, and policymakers will be able to track price flow. This is possible in India through HPI (Housing Pricing Index) along with the modern organization NAREDCO.
The Union Housing and Urban Affairs Secretary Durga Shanker Mishra expressed that HPI can be a good indicator. COVID-drove stoppage and in general vulnerability, the land area has endured. As of now, following development through solid sources is fundamental. This manner helps with settling on faster and better decisions during financial variances. This index will be used to decide the future course of action.
The index could help a forthcoming homebuyer to assess the ideal opportunity to purchase a property and assist dealers with realizing the most suitable chance to sell their properties by giving valuable data on value developments. It can likewise be utilized as a reasonable gauge by policymakers and monetary examiners to follow industry patterns. This index would also help industry and government leaders to give important data on the housing business sector and plan compelling measures.
Niranjan Hiranandani, President, NAREDCO, founder and MD – Hiranandani Group, expressed that this Index will address the test of absence of lack of defined data with right business knowledge, market understanding and patterns.