Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q2:2024-25, 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 4.3 per cent (y-o-y) in Q2:2024-25 as compared to 3.3 per cent growth in the previous quarter and 3.5 per cent growth a year ago; annual HPI growth varied widely across the cities - ranging from a high growth of 8.8 per cent (Bengaluru) to a decline of (-)2.0 per cent (Kanpur).
• On sequential (q-o-q) basis, all-India HPI decreased by 0.1 per cent in Q2:2024-25; Ahmedabad, Lucknow, Kolkata and Chennai recorded a sequential rise in house prices during the latest quarter.