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It is located on Billionaires' Row in Mumbai, India. [4] Built from 2006 to 2010 at a cost of nearly US$2 billion, [2] [5] [6] [unreliable source] it was valued at US$4.6 billion in 2023. [7] It is one of the most expensive houses or residences in India. [8] The building is designed to withstand a magnitude 8 earthquake. [9]
Housing in India varies from palaces of erstwhile maharajas, to modern apartment buildings in big cities, to tiny huts in far-flung villages. The Human Rights Measurement Initiative [ 1 ] finds that India is doing 60.9% of what should be possible at its level of income for the right to housing .
The rural SEC grid, which uses education and type of house (pucca, semi-pucca, and kaccha) as measures of socio-economic class, and segments rural India into 4 groups (R1, R2, R3, R4) This is based on the assumption that higher education leads to higher income thus higher consuming potential. But that this may not always be true.
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A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
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7, Lok Kalyan Marg (7LKM), formerly 7, Race Course Road, is the official residence and principal workplace of the Prime Minister of India. [ 1 ] [ 2 ] Situated on Lok Kalyan Marg , New Delhi , the official name of the Prime Minister's residence complex is Panchavati .
States of India ranked in order of percentage of families owning a house as per the Census of India 2011. [1] According to Census 2011, Bihar had the highest number of households who owned their houseswith 96.8% households are having houses.