Annual growth in House Price Index at 3.3% end Q1FY2025 over Q1FY2024
The Reserve Bank of India's quarterly house price index (HPI) (base: 2010-11=100) increased by 3.3% (y-o-y) in Q1FY25 as compared to 4.1% growth in the previous quarter and 5.1% a year ago. The index is based on transaction-level data received from the registration authorities in ten major cities.Annual HPI growth varied widely across the cities - ranging from a high of 8.9% for Kolkata to a low of negative (-) 1.7% for Delhi.
On a sequential (q-o-q) basis, all-India HPI rose 1.8% in Q1FY25. Among the ten cities, nine (viz., Mumbai, Delhi, Bengaluru, Lucknow, Kolkata, Chennai, Jaipur, Kanpur and Kochi) recorded a rise in house prices during Q1FY2025.
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