Housing prices rise slower at 6.7% from 10.4% in top 10 cities in FY18: RBI

Kochi recorded the highest sequential rise in the HPI at 11.2%, while Kolkata recorded a minimal rise of 0.5% in the HPI, for the fourth-quarter ended March 2018

House prices across the top ten cities in the country have grown at 6.7 per cent, on a year-on-year basis, during FY2018, according to the Reserve Bank of India’s All-India House Price Index (HPI).

HPI growth slowed down in FY2018 compared to a HPI growth of 10.4 per cent which was observed during FY2017.

In a statement, the RBI said that the largest “divergences can be observed in city-wise house price movements, in terms of annual growth rates.”

There has been a sequential increase of 0.3 per cent in HPI during the fourth-quarter ended March 2018, according to transaction data