new delhi showing a mixed trend housing prices in 11 cities including bangalore and kolkata declined by up to 5 per cent in julyseptember while rates in nine other places increased by up to 10 per cent according to national housing bank nhb kochi saw the highest price rise of 101 per cent followed by jaipur with 9 per cent during the second quarter of this fiscal compared with the previous quarter in delhincr mumbai and chennai prices rose by 38 per cent 05 per cent and 1 per cent respectively nhb data showed nhb residex tracks the movement in prices of residential properties on a quarterly basis it covers 20 cities from january next year it plans to cover 6 more cities overall there is a price correction even in nine cities where prices have gone up there will be net decline if we factor in the rise in input cost and inflation nhb chairman and managing director r v verma told pti asked about falling prices he said builders cannot sustain at current prices because of oversupply so they are decreasing the price to clear inventory and boost sales housing demand has been affected for last few years due to high interest rates on home loans the movement in prices of residential properties has shown marginally declining trend in eleven cities ranging from 04 per cent in faridabad to 48 per cent in surat and rise in nine cities ranging from 05 per cent in mumbai to 101 per cent in kochi during julyseptember 2012 in comparison to the previous quarter apriljune 2012 nhb said ahmedabad saw 3 per cent rise bhubaneshwar 23 per cent lucknow 22 per cent chennai 08 per cent pune 07 per cent prices fell the maximum in surat 48 per cent followed by indore at 354 per cent kolkata 24 per cent vijayawada 24 per cent patna 18 per cent ludhiana 17 per cent bangalore 17 per cent hyderabad 13 per cent guwahati 07 per cent bhopal 05 per cent and faridabad 04 per cent on the overall trend nhb said that prices have started to decline in some smaller towns and the increase in other cities is mostly marginal barring kochi and jaipur there is some signs of convergence of prices around this level across the 20 cities it added