Graduation Year

Fall 2013

Document Type

Open Access Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Darren Filson

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© 2013 Nikhita Narendran


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.

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