Highlights:

Quarterly Growth:

• The all-India HPI declined by 1.2 per cent on a sequential basis (Q4:2018-19 over Q3:2018-19).

• Large variation in HPI growth across cities was observed, with Bengaluru recording the highest rise (5.3 per cent) and Jaipur recording the maximum contraction [(-)7.7 per cent] on a sequential basis.

Annual Growth:

• On a year-on-year basis, the growth in all-India HPI continued to moderate and stood at 3.6 per cent in Q4:2018-19 as against 5.1 per cent in the previous quarter and 6.7 per cent a year ago.

• Barring Jaipur and Kanpur, all cities recorded an increase in HPI on an annual basis.

• The annual growth/contraction in HPI ranged from 19.5 per cent (in Kochi) to (-)11.4 per cent (in Jaipur), indicating large divergences in city-wise housing price movements.

Ajit Prasad
Director (Communications)

Press Release: 2019-2020/11

¹ Compiled in the Department of Statistics and Information Management, Reserve Bank of India. Reference may be made to the article “House Price Index: 2010-11 to 2013-14” in October 2014 issue of the RBI Bulletin (weblink: /en/web/rbi/publications/rbi-bulletin) for HPI compilation methodology.