All-India House Price Index up by 5.1 per cent: RBI data

The RBI releases quarterly House Price Index based on transaction-level data received from the registration authorities in ten major cities

Mumbai: The all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

The RBI releases quarterly HPI 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.

“All India HPI growth (y-o-y) inched up to 5.1 per cent in Q1:2023-24 from 4.6 per cent in the previous quarter and 3.4 per cent a year ago; annual growth in HPI varied widely across the cities – ranging from the high growth of 14.9 per cent (Delhi) to a contraction of 6.6 per cent (Kolkata),” the RBI said.

On a sequential (quarter-on-quarter) basis, all-India HPI increased by 2.6 per cent in Q1:2023-24; eight of the 10 cities witnessed housing registration price increase vis-a-vis the previous quarter.