Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q1:2024-25, 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://cimsdbie.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).

Highlights:

• All-India HPI increased by 3.3 per cent (y-o-y) in Q1:2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago; annual HPI growth varied widely across the cities - ranging from a high of 8.9 per cent (Kolkata) to a low of -1.7 per cent (Delhi).

• On a sequential (q-o-q) basis, all-India HPI increased by 1.8 per cent in Q1:2024-25; among the ten cities, nine (viz., Mumbai, Delhi, Bengaluru, Lucknow, Kolkata, Chennai, Jaipur, Kanpur and Kochi) recorded a rise in house prices during the latest quarter.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2024-2025/1008

¹ Reference may be made to the article “House Price Index: 2010-11 to 2013-14” in the October 2014 issue of the RBI Bulletin (weblink: https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx) for HPI compilation methodology.

² The ten cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.