All-India House Price Index (HPI) rises 2% qoq in Q2FY17
The Reserve Bank of India today released the quarterly House Price Index (HPI) for Q2FY17 for All-India and 10 major cities (Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi).All-India HPI (base 2010-11=100) has sequentially increased by 2.0% to 235.8 in Q2FY17 from 231.1 in Q1FY17.
Annual increase in All-India HPI stood at 8.1% in Q2FY17 which remained lower than 13.0% growth recorded a year ago. However, it recorded a slightly higher growth compared to Q1FY17.
On an annual basis, Chennai witnessed maximum increase of 18.0% in Q2FY17; whereas Jaipur witnessed maximum contraction (-6.3%).
On a sequential basis (i.e., Q2FY17 over Q1FY17), Delhi recorded highest HPI increase of 4.5%; whereas Kanpur recorded the maximum contraction of -4.6%.
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