The Reserve Bank of India today released the quarterly House Price Index (HPI) for Q2:2016-17 on Database of Indian Economy website (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics RealSector/Price&Wages/Quarterly) for All-India and 10 major cities (viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi).

Highlights:

• All-India HPI¹ (base 2010-11=100) has sequentially increased by 2.0 per cent to 235.8 in Q2:2016-17 from 231.1 in Q1:2016-17.

• Annual increase in All-India HPI stood at 8.1 per cent in Q2:2016-17 which remained lower than 13.0 per cent growth recorded a year ago. However, it recorded a slightly higher growth compared to Q1:2016-17.

• On an annual basis, Chennai witnessed maximum increase of 18.0 per cent in Q2:2016-17; whereas Jaipur witnessed maximum contraction (-6.3 per cent).

• On a sequential basis (i.e., Q2:2016-17 over Q1:2016-17), Delhi recorded highest HPI increase of 4.5 per cent; whereas Kanpur recorded the maximum contraction of -4.6 per cent.

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/1634

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