The Reserve Bank of India today released quarterly House Price Index (HPI) on Database of Indian Economy website (http://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics/RealSector/Price&Wages/Quarterl) for All-India and 10 major cities, viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi for Q4:2015-16.

Highlights:

• All-India HPI¹ (base 2010-11=100) has sequentially increased to 223.2 in Q4:2015-16 from 221.7 in Q3:2015-16.

• The rate of increase (Y-o-Y) of All-India HPI has, however, moderated since Q1:2015-16. During Q4:2015-16, it has sharply fallen to 5.2 per cent from 9.7 per cent in the previous quarter and 17.5 per cent a year ago.

• In Q4:2015-16, on an annual basis, Chennai witnessed maximum increase of 12.1 per cent; whereas Jaipur witnessed maximum contraction (-10.3 per cent).

• Sequentially (i.e., Q4:2015-16 over Q3:2015-16), HPI of Bengaluru increased by 5.5 per cent; whereas HPI for Kochi declined by 8.0 per cent. Only 4 cities (Bengaluru, Chennai, Lucknow and Delhi) witnessed sequential increase in HPI.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/48

¹ Compiled in the Statistical Analysis Division of the Department of Statistics and Information Management, Reserve Bank of India, Mumbai. For methodology of compilation of HPI along with its limitations of usability please refer to the article “House Price Index: 2010-11 to 2013-14” (https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx) in October 2014 issue of the RBI Bulletin.