Housing price index growth moderates, varies widely among major cities
The HPI increased 9 per cent in Ahmedabad, and contracted 5.5 per cent in Delhi
Anup Roy Last Updated at January 1, 2021 00:11 IST
Among major cities, Delhi, Bengaluru, Kolkata and Chennai recorded sequential decline in HPI
The YoY growth in Reserve Bank of India’s (RBI’s) All-India Housing Price Index (HPI) continued to moderate and was 1.1 per cent in Q2, against 2.8 per cent in Q1 and 3.3 per cent growth in the year-ago quarter.
The HPI also varied widely, increasing 9 per cent in Ahmedabad, and contracting 5.5 per cent in Delhi. Among major cities, Delhi, Bengaluru, Kolkata and Chennai recorded sequential decline in HPI, whereas prices in Mumbai remained around Q1’s level.
First Published: Fri, January 01 2021. 00:05 IST