We all know that India is experiencing a property boom and has seen property prices spiral in the past. In order to keep a track of this market, an Indian research agency is coming up with the first property price index which would enable to keep a tab on the market.



Called the Real Estate Sensitivity Index, it would be updated every three months and would feature the supply, availability and the account price of the property. This index would be tracking the property prices of Mumbai and the reasons behind the fall or rise of the property prices. Later on the whole of the country would be covered.



This would certainly benefit the people investing as they would be able to judge the properties which have a scope for appreciation and the index would guide them as to the places where they could invest and reap benefits.