Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q4:2024-25, based on transaction-level data received from the registration authorities in ten major cities² . Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal https://data.rbi.org.in/DBIE/#/dbie/home > Statistics > Real Sector > Prices & Wages).

Highlights:

• All-India HPI increased by 3.1 per cent (y-o-y) in Q4:2024-25 as compared with 3.1 per cent growth in the previous quarter and 4.1 per cent growth a year ago; annual HPI growth varied widely across the cities - ranging from a high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi).
• On a sequential (q-o-q) basis, all-India HPI increased by 0.9 per cent in Q4:2024-25; Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter.

Ajit Prasad            
Deputy General Manager
(Communications)     

Press Release: 2025-2026/573

¹Reference may be made to the article “House Price Index: 2010-11 to 2013-14” in the October 2014 issue of the RBI Bulletin (weblink: https://website.rbi.org.in/web/rbi/-/publications/rbi-bulletin/house-price-index-2010-11-to-2013-14- 15182 ) for HPI compilation methodology

²The ten cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.