RBI House Price Index Rises 2.7% In Q4 FY21

The Reserve Bank has released its quarterly house price index (HPI) (base: 2010-11=100) for Q4:2020-21, based on transaction-level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai). All-India HPI increased (y-o-y) by 2.7% in Q4:2020-21 vis-a-vis 3.9% growth a year ago; HPI growth showed large variation across major cities, from an increase of 15.7% (Bengaluru) to a contraction of -3.6% (Jaipur). On a sequential (q-o-q) basis, all-India HPI growth rate moderated to 0.2% in Q4:2020-21; Delhi, Bengaluru, Kolkata and Jaipur recorded a sequential decline in HPI, whereas it increased for other cities.

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