The Housing Sentiment Index

The MB IIMB HSI,jointly developed by IIM-B and magicbricks.com will determine how buyers and investors view the market, which in turn, influences their purchase decisions and aggregate demand. The index is likely to become an early indicator of how markets would perform in the future.

An HSI of 100 suggests that buyers expect prices to remain at current levels while values lower and greater than 100 suggest that buyers expect prices to fall and rise, respectively.

The Housing Sentiment Index (HSI) has dropped almost 20% over the past quarter across India, except in Bangalore, where sentiment has improved due to the uptick in the IT industry. The aggregate HSI dropped to 93 from 117 in the previous quarter. Read more of this post