The Reserve Bank of India (RBI) compiles the House Price Index (HPI) on a quarterly basis using transaction-level data received from the registration authorities. Today, the RBI released¹  the HPI for Q3:2025-26 with base year as 2022-23, covering eighteen major cities².

Highlights:

• The House Price Index rose to 115.6 in Q3:2025-26, from 114.2 in the previous quarter, driven by rise in housing prices across major cities – Jaipur, Kanpur and Chennai – reflecting a quarter-on-quarter growth of 1.2 per cent (Chart 1)

• All India HPI grew by 3.6 per cent year-on-year in Q3:2025-26, compared with a growth of 6.9 per cent in the same quarter last year. The increase was primarily driven by cities such as Nagpur, Chandigarh, and Jaipur (Chart 1).

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2025-2026/2167

¹ Time series data on all-India and city-wise HPIs are available on the Bank’s ‘Database on Indian Economy’ (DBIE) portal (weblink: https://data.rbi.org.in/#/dbie/home) under the head ‘Statistics > Real Sector > Prices & Wages.

²The eighteen cities are Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.