Explanation
This question is based on residex its meaning &uses: Residex is a housing price index updated quarterly by National Housing Bank (NHB). ... Residex can be used by policy makers, home buyers, banks & HFCs, builders and developers. For buyers and investors, the index helps them compare prices between cities in India and across various localities within a city of their choice. The HPI is a weighted average Laspeyres index based on the transaction price, where transactions are stratified into three categories, viz., small, medium and large houses and in different geographical wards/zones,hence above statements are true.
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