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The Tailwind – 12 September 2023

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Hello folks,

Welcome along to yet another Tailwind Edition. We love to experiment new things and as a result have tried to bring something new for you. We tell you how have residential property prices moved across different cities in India under our new section. Followed by Musings, wherein we analyze the performance of companies that take loan versus them who don’t.

So let’s dive right in!

Markets Last Month

Markets snapped their 5-month winning streak amidst a mixed bag Q1 results performance. While autos and financials did well, retail players witnessed lacklustre growth. Another cause of concern for the markets was the sharp jump in retail inflation driven by the food basket.

Performance of fee-based smallcases (As of August 31, 2023)

Inside Economics

Did you know about the Residential Index?

The National Housing Bank (NHB) had launched the residential index back in 2007 – NHB Residex. The index tracks the movement of housing prices in different cities across our country. Pretty cool, right?

We conducted a fun exercise at our end to check how have residential property prices moved, across the 10 most populated cities in India, since COVID (March ’20).

Were you also thinking Bangalore or Mumbai to witness the highest jump? Well, if you were, that’s certainly not the case. There are two shockers – Ahmedabad has seen the highest jump in residential property prices (41%) and Mumbai the lowest (1%).

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The Tailwind – 12 September 2023
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