Online real estate portal Housing.com along with the global business school, Indian School of Business (ISB), on May 31, 2021 announced the launch of its Housing Pricing Index (HPI) that would help potential homebuyers assess the appropriate time to buy a property and at the same time assist sellers in gauging the opportune time to sell their assets.
The HPI in association with the industry body NAREDCO, will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India’s key residential markets.
The Housing Pricing Index (HPI) of Housing.com-ISB was launched by Union Housing and Urban Affairs Secretary Durga Shanker Mishra through a virtual event.
“The Housing Price Index jointly developed by the Indian School of Business and Housing.com has the potential to emerge as a good indicator of the country’s real-estate market health. The real estate sector has been impacted due to the COVID-led slowdown and overall uncertainty. At this time, it is essential to track the growth via credible sources that will help authorities make quicker and informed decisions during such exogenous shocks,” said Mishra.
Asking Housing.com and ISB to make the index robust, Mishra said that the index will be useful for homebuyers as well as policymakers to decide the future course of action.
Reference: https://www.moneycontrol.com/news/business/real-estate/housing-pricing-index-launched-to-help-homebuyers-take-informed-purchase-decisions-6965341.html
