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.
He Reserve Bank of India publishes transaction-level HPI-based data received from registration authorities in 10 major cities.
The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai.
“The all-India HPI increased by 3.3 per cent (year-on-year) in Q1 of 2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; the annual growth in HPI varied widely across cities, 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 (quarterly) basis, the 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 an increase in house prices during the last quarter.
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