according to the residential real estate index prepared by the national housing bank nhb the housing prices in 16 cities including delhi mumbai chennai bangalore pune and kolkata improved in the quarter ending june 2012 compared to the previous quarter ending march 2012 in fact in most of these cities prices improved quarter after quarter since januaryjune 2009 quarters barring in a few exceptions like bangalore hyderabad jaipur and indore where prices have corrected in some quarters but when compared to prices in januaryjune 2009 when the index was first announced the prices in the latest quarter have shown a significant jump it is also because januarymarch 2009 was the first quarter when the impact of global bank crisis of 2008 was fully realized in fact the index of property prices in delhi continued to fall till januarymarch 2010 when the index touched 106 from 121 in januaryjune 2009 according to the nhb the prices of residential properties in 16 cities have shown an increasing trend in the range of 11 in kochi to 105 in pune in apriljune 2012 quarter against the previous quarter at the same time it saw marginal decline in three cities jaipur hyderabad and indore faridabad remained stagnant in this quarter according to the data prepared by the nhb the maximum increase was observed in pune by 105 followed by bangalore 87 patna 86 ahmedabad 64 ludhiana 53 lucknow 41 mumbai 37 delhi 26 kolkata 26 bhubaneswar 17 bhopal 17 chennai 17 surat 12 guwahati 12 vijayawada 11 and kochi 11 three cities have shown marginal decline in prices over the previous quarter with a maximum decline of 26 observed in jaipur indore 24 and hyderabad 1 the data has been prepared by nhb residex which tracks the movement in prices of residential properties on a quarterly basis an exercise it has been conducting since 2007 however according to the nhb residential index the property prices in the ncr region increased by around 11 in the last one year while a close look of different micro markets give a different picture the property prices in certain developing pockets like dwarka expressway in gurgaon went up by almost 5080 in the last one year similarly in other developing pockets like new gurgaon and golf course extension road property prices have gone up by 3050 in noida prices of property on the noidagreater noida expressway increased by almost 30 since june 2011 in ghaziabad too prices in indirapuram and vaishali went up by around 30 in certain pockets like crossings republik where possessions have been given to buyers the prices have improved by almost 50 in the last one year however prices in the matured markets of delhi gurgaon and noida have not appreciated so sharply during the period as they are already very high as in the index when prices of properties located in different areas are taken into account it does not give a clear picture but the index has vastly