Latest News | House Price Index Rises 4.3 Pc in Q2: RBI Data

Mumbai, Nov 29 (PTI) All-India House Price Index (HPI) increased 4.3 per cent annually in the second quarter of the 2024-25 fiscal year as compared to 3.3 per cent growth in the previous quarter and 3.5 per cent growth a year ago, according to data released by the Reserve Bank of India (RBI).

The RBI released its quarterly house price index for the September quarter of 2024-25 on Friday, based on transaction-level data received from the registration authorities in ten major cities.

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

The RBI said the annual HPI growth varied widely across the cities -- ranging from a high growth of 8.8 per cent (Bengaluru) to a decline of (-) 2 per cent (Kanpur).

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On a sequential (quarter-on-quarter) basis, all-India HPI decreased 0.1 per cent in the July-September period.

Ahmedabad, Lucknow, Kolkata and Chennai recorded a sequential rise in house prices during the latest quarter.

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