HSUI launched for 27 cities

There is a declining trend in the construction of housing activities in big cities such as Kolkata and Chennai whereas growth is apparent in small cities like Bhopal and Hubli in the housing sector, according to the Housing Start Up Index.

HSUI, an indicator of volume of construction in the housing sector during a certain period, was released covering 27 cities across the country. This first-of-its-kind initiative in the country is a critical indicator of economic growth relating to various sectors such as banking, mortgage, etc.