India ranks 47th in house price appreciation

India ranks 47th in the world in terms of appreciation in housing prices as rates grew by only 0.6 per cent during July-September quarter over the year-ago period on slow demand. India stood at 11th position in the April-June quarter of 2019 with a 7.7 per cent year-on-year rise in home prices.

Daily Current Affairs Quiz 2019

Global House Price Index Q3 2019 — that tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics. The regulations imposed by the government to ensure accountability in the system such as the Real Estate (Regulations and Development) Act, 2016, Goods and Services Tax Act and the Benami Transactions (Prohibition) Amendment Act, 2016 have laid the foundation for a healthy end-user market.