The Reserve Bank of India (RBI) has published its quarterly House Price Index (HPI) (base year: 2010-11=100) for the second quarter of 2024-25. The index is based on transaction-level data sourced from registration authorities in ten major cities. Detailed time-series data on the all-India and city-wise HPIs can be accessed on the RBI’s Database on Indian Economy (DBIE) portal at https://data.rbi.org.in/DBIE under Statistics > Real Sector > Prices & Wages.
Key Highlights:
- All-India HPI Growth:
The all-India HPI recorded a year-on-year (y-o-y) increase of 4.3% in Q2 2024-25, up from 3.3% in the previous quarter and 3.5% in the same period last year.- Growth trends varied significantly across cities, with Bengaluru reporting the highest growth at 8.8%, while Kanpur witnessed a decline of (-2.0%).
- Quarter-on-Quarter (q-o-q) Trends:
On a sequential basis, the all-India HPI saw a marginal decline of 0.1% in Q2 2024-25.- However, cities like Ahmedabad, Lucknow, Kolkata, and Chennai recorded q-o-q increases in house prices during this period.
This data provides valuable insights into housing market trends across the country, reflecting regional variations and overall market momentum.