Housing prices rise most in India

Housing prices in India witnessed the steepest rise in the world in the last 10 years since 2001. "House prices in India have increased by 284% in real terms, after allowing for inflation - equivalent to an average annual rise of 14%," said Lloyds TSB International Global Housing Market Review. This is an over six-fold increase compared to the 47% rise in China's housing prices over the same period. After India , Russia recorded the next biggest increase of 209%. In India, prices have risen maximum in South Delhi, Gurgaon and Noida. Prices in some of the markets in NCR rose by 1,100% including inflation. source: http://economictimes.indiatimes.com/markets/real-estate/news-/housing-prices-rise-most-in-india/articleshow/12351774.cms