Makaan.com has launched the country’s first Property Index. Christened Makaan.com Property Index (MPI). The tool is aimed at empowering homebuyers and the real estate industry with up-to date information related to movement in residential property prices.
Apart from analyzing the trends nationally, Makaan.com Property Index will also track property price trends for major metros and tier II cities of India. The Index is intended to serve as an objective tracker of property trends. It is meant to aid in decision-making and is expected to be used by both real-estate buyers and the industry.
This index is based on minimum database size of 20,000 data points every month and the analysis has been drawn over a period starting Jan’09. The complex algorithm takes into account the property prices as base and then factors in the demand and supply of residential properties for each of the cities covered by it.
Source : indianexpress.com
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