Smaller towns and cities closer to metros and industrial hubs are - TopicsExpress

Smaller towns and cities closer to metros and industrial hubs are seeing significant housing demand, on the back of lower land cost and increased prosperity. This is in sync with the earnings of HDFC, which cited growth in retail loans across smaller towns, for posting good numbers for the third quarter. According to the National Housing Bank (NHB) data, there is price appreciation in cities such as Lucknow, Surat, Guwahati, Chandigarh, Raipur, Faridabad, Patna and Ahmedabad in July-September quarter 2013, while in Delhi and Bangalore, prices had gone down. While prices remained flat in Pune, they were marginally up in Mumbai during the same period compared to April-June 2013 quarter. -Business Standard

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