Which of the following bodies had introduced the first official residential housing price index called RESIDEX?

Correct option is C

The correct answer is (c) NHB
Explanation:
· RESIDEX was launched by the National Housing Bank (NHB) in 2007.
· It was India’s first official housing price index to track price trends in residential real estate.
· Initially covered 5 cities, later expanded to over 50 cities.
· Helps in policy-making, investment decisions, and credit risk assessment.
· RESIDEX is used by banks, financial institutions, realtors, and economists.
Information Booster:
· NHB is a wholly-owned subsidiary of the Reserve Bank of India (RBI).
· RESIDEX reflects quarterly price changes in various city zones.
· Later, RBI also introduced its own housing price index.
· NHB also regulates housing finance companies (HFCs).
· RESIDEX supports the government’s vision for housing for all.
Additional Information:
· NITI Aayog: Think tank, no role in price indices.
· SEBI: Regulates capital markets, not housing prices.
· RBI: Launched House Price Index (HPI), but RESIDEX was earlier and official via NHB.
· NHB was set up in 1988 under the National Housing Bank Act.