Housing prices hiked in 12 cities by up to 6 per cent, while it dipped in 10 cities, including the national capital, by up to 9 per cent during the second quarter in the current fiscal.

Housing prices in Delhi-NCR region witnessed a dip of 5 per cent during July-September period compared with the previous quarter. However, it surged by 7 per cent on annual basis, as per the survey by National Housing Bank (NHB).

On an annual basis, the prices in Delhi-NCR region rose by 6.9 per cent.

According to the survey, maximum price fall was seen in Meerut by 7 per cent while, highest rise in rate was observed in Kolkata by 6 percent.

The movement in prices of residential properties for the July-September quarter has shown increasing trend in 12 cities ranging from 0.75 per cent in Mumbai to 6 per cent in Kolkata, and fall in 10 cities ranging from 1 per cent in Bengaluru to 7 per cent in Meerut, the survey confirmed.

Prices in other cities like Ludhiana moderated by 5 per cent, Vijayawada 4.50 per cent, Nagpur 3.85 per cent, Bhopal 3.90 per cent, Indore 2.81 per cent, Jaipur 2 per cent, Bhubaneshwar 1.30 per cent and Bengaluru 1 per cent.

Residential prices in Chennai rose by 5 per cent, Hyderabad 4.88 per cent, Ahmedabad 3 per cent, Lucknow 2.50 per cent, and Patna 2.40 per cent respectively.

Price index for 4 cities namely Pune, Kochi, Coimbatore and Dehradun has remained same through out the quarter. The survey covers 26 cities in the country.