Graduation Year
Fall 2013
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Darren Filson
Terms of Use & License Information
Rights Information
© 2013 Nikhita Narendran
Abstract
The objective of this thesis is to examine the differences in residential property prices across different cities in India. Soaring prices have led to increasingly unaffordable property prices in large metropolitan cities. As a result, there has been academic discourse about the existence of a housing bubble in recent years. In the past, empirical research has focused on national level trends due to a lack of city-level data. I investigate the city-fixed effects on growth in house prices across fifteen different cities. Although different empirical models suggest different conclusions about these effects, point estimates suggest above-normal growth in house prices in Delhi for the period 2009-2013.
Recommended Citation
Narendran, Nikhita, "The Residential Real-Estate Industry in India: Investigating Evidence for an Asset Bubble" (2013). CMC Senior Theses. 761.
https://scholarship.claremont.edu/cmc_theses/761
