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The All-India House Price Index (HPI) based on transactions in 18 major cities increased at a slower pace of 2.2 per cent in the second quarter of the current fiscal compared to 7 per cent in the year-ago period, according to Reserve Bank data released on Thursday. The Reserve Bank of India (RBI) compiles the HPI quarterly based on transaction-level data received from the registration authorities. The central bank released its HPI for Q2:2025-26 with a new base year of 2022-23. The earlier base year was 2010-11. "All India HPI recorded an annual growth (y-o-y) of 2.2 per cent in Q2:2025-26 as compared to 7 per cent registered in the corresponding quarter a year ago. The cities like Nagpur, Ghaziabad, and Chandigarh contributed for the rise in HPI," RBI said. The value of House Price Index declined from 113.4 to 112.7 in Q2:2025-26 as compared to Q1:2025-26, owing to decrease of the index for major cities, namely Kolkata, Chennai, Lucknow and Hyderabad. On a quarter-on-quarter basi
Housing demand continues to be strong and is expected to grow further on the back of tax incentives offered in the Budget and a recent repo rate cut, CREDAI President Boman Irani said. CREDAI is an apex body for private real estate developers. In an interview with PTI, Irani asserted that there are no signs of demand slowdown in the Indian housing market, rather it will continue to rise in the long-term horizon. However, he said there could be an impact in some markets that are "over-heated" but overall at pan-India level there are no concerns at all on the growth going up only. Short-term blips in a real estate cycle is not something that we need to worry about. We need to see long-term growth," he told PTI in Nashik, where CREDAI recently organised its two-day conference. Asked whether the frenzy and euphoria seen in the last three calendar years has subsided, Irani said, "I don't think so." He cited the property registration data of Mumbai market for February this year to prove
All-India House Price Index (HPI) increased 3.1 per cent in the third quarter of 2024-25 as compared to 4.3 per cent growth in the preceding three months and 3.8 per cent growth in the year-ago period, according to data released by the Reserve Bank of India (RBI). The RBI released its quarterly house price index for the December quarter of 2024-25 on Thursday, based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. The RBI said the annual HPI growth varied widely across the cities - ranging from a high growth of 8.1 per cent (Kolkata) to 0.1 per cent (Kanpur). On a sequential (q-o-q) basis, all-India HPI increased by 0.4 per cent in Q3:2024-25. Mumbai, Bengaluru, Ahmedabad, Lucknow, Kolkata, Chennai, Jaipur and Kochi recorded a sequential rise in house prices during the latest quarter.
India's eight major cities saw an average 11 per cent increase in housing prices annually during the September quarter on strong demand, with Delhi-NCR witnessing the highest appreciation at 32 per cent, according to a report. Realtors' apex body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras on Monday released their joint 'Housing Price-Tracker Report Q3 2024'. "Average housing prices across the top eight markets in India rose 11 per cent Y-o-Y (year-on-year) at Rs 11,000 per sq ft during Q3 (July-September) 2024, led by sturdy demand and positive market sentiments," the report said. The average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices, the consultant said. Delhi-NCR witnessed the highest rise at 32 per cent Y-o-Y, followed by Bengaluru at 24 per cent Y-o-Y rise during the July-September period. According to the data, the average housing prices in .
The all-India House Price Index (HPI) moderated to 3.3 per cent in the June quarter of 2024-25 from 5.1 per cent in the year-ago period, according to data released by the Reserve Bank of India on Friday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. "All-India HPI increased by 3.3 per cent (y-o-y) in Q1:2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; annual HPI growth varied widely across the cities - ranging from a high of 8.9 per cent (Kolkata) to a low of (-)1.7 per cent (Delhi)," the central bank said. On a sequential (quarter-on-quarter) basis, all-India HPI increased by 1.8 per cent in the first quarter of 2024-25. Among the ten cities, nine (Mumbai, Delhi, Bengaluru, Lucknow, Kolkata, Chennai, Jaipur, Kanpur and Kochi) recorded a rise in house prices duri
The all India house price index (HPI) rose 2.8 per cent in the October-December quarter of 2022-23 as compared with 3.1 per cent a year ago, according to data released by the Reserve Bank of India on Tuesday. The RBI releases quarterly HPI based on transaction-level data received from the registration authorities in ten major cities. The cities are: Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. The movements in HPI during the third quarter of the current fiscal varied widely across the cities - ranging from a growth of 7.1 per cent (Kochi) to a contraction of 9 per cent (Jaipur). "On a sequential (q-o-q) basis, all India HPI increased by 1.3 per cent in Q3:2022-23; while Lucknow, Kolkata, and Jaipur recorded sequential contraction in the index, it rose for the remaining cities," the RBI said. Beginning with Mumbai city, the Reserve Bank initiated the work of compiling a house price index (HPI) in 2007 and brought out a quarterly HPI for
The all India house price index (HPI) rose by 3.5 per cent year-on-year in the first quarter of 2022-23, according to data released by the Reserve Bank of India. The growth in the HPI was 1.8 per cent during January-March and 2 per cent in the April-June quarter of 2021-22. The RBI said the year-on-year movements in HPI varied widely across the cities - ranging from a growth of 16 per cent in Kolkata to a contraction of 4 per cent in Bengaluru. On a sequential basis, all India HPI increased by 2.2 per cent in the first quarter of 2022-23. Delhi, Kolkata, and Jaipur recorded sequential contraction in the index, while it rose for the remaining cities. The central bank releases its quarterly house price index (HPI) based on transaction-level data received from the housing registration authorities in 10 major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.