Home Business All-India house price index up by 1.2%

All-India house price index up by 1.2%

by BQ News Bureau
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The Reserve Bank has released its quarterly house price index for the first quarter of this fiscal based on transaction-level data received from housing registration authorities in ten major cities – Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai. Time series on all-India and city-wise HPI are available in RBI’s Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages > Quarterly).

The all-India HPI increased by 1.2 per cent on a sequential basis (q-o-q) during the first quarter of this fiscal; house prices in Bengaluru, Kochi, Ahmedabad and Lucknow increased during the first quarter.

On an annual basis (y-o-y), the all-India HPI increased by 2.8 per cent in Q1:2020-21, compared with 3.4 per cent a year ago; annual growth in city-wise HPI varied from an increase of 16.1 per cent (Bengaluru) to a contraction of 6.7 per cent (Delhi).

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