NEW DELHI: Despite slowdown in the economy, activity in the real estate sector continued to rise. In the second quarter (April-June) of 2013, overall prices and supplies of the housing units in the 11 top cities in the country improved.

The National Property Index (NPI), which is based on the average supplies and capital values across 11 cities in India, rose by 2% in April-June, 2013. Cities like Delhi witnessed 3% fall in the index because of drop in supplies. According to the survey, the prices in the capital city rose by 3% during the period. However, in many cities like Gurgaon, Noida, Hyderabad and Chennai, NPI has improved because of both the appreciation in prices and increase in supplies of the housing units.

According to the index, known as MagicBricks PropIndex prepared by the country’s leading property portal MagicBricks.Com, of the 11 cities, nine have seen a rise, while the others registered a small drop in the city index values.