Source: Reserve Bank of India
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Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q3:2024-25, 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:
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All-India HPI increased by 3.1 per cent (y-o-y) in Q3:2024-25 as compared with 4.3 per cent growth in the previous quarter and 3.8 per cent growth a year ago; annual HPI growth varied widely across the cities – ranging from a high growth of 8.1 per cent (Kolkata) to 0.1 per cent (Kanpur).
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On a sequential (q-o-q) basis, all-India HPI increased by 0.4 per cent in Q3:2024-25; Mumbai, Bengaluru, Ahmedabad, Lucknow, Kolkata, Chennai, Jaipur and Kochi recorded a sequential rise in house prices during the latest quarter.
Ajit Prasad
Deputy General Manager
(Communications)
Press Release: 2024-2025/2265
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