The housing finance regulator, National Housing Bank (NHB), is working on a complete revamp of its residential housing index or `Residex'.

It is also working on new indices such as rental index and building and construction material index, a top official said here.

"We are working on a complete revamp of Residex and we are likely to come up with revamped Residex over next three years' horizon," NHB managing director and chief executive Sriram Kalyanaraman told reporters today.

"The new Residex will be having both evaluated value and registered value of a particular house as well," he said.....................Read more

Source: The Economic Times