All-India House Price Index Rises 3.5% On Year In Q1: RBI

1 Sep 2022 , 10:32 AM

All India House Price Index(HPI) recorded an annual growth (y-o-y) of 3.5 per cent in Q1:2022-23 as compared with 1.8 per cent in the previous quarter and 2.0 per cent a year ago. The y-o-y movements in HPI varied widely across the cities – ranging from a growth of 16.0 per cent (Kolkata) to a contraction of 4.0 per cent (Bengaluru). On a sequential (q-o-q) basis, all India HPI increased by 2.2 per cent in Q1:2022-23; while Delhi, Kolkata, and Jaipur recorded sequential contraction in the index, it rose for the remaining cities. The Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q1:2022-23, based on transaction-level data received from the housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai). Powered by Capital Market – Live News