New Delhi, June 21
The house price index (HPI) across India increased by 3.1 per cent in the January-March period (Q4 FY25), maintaining the same pace as the previous quarter (Q3).
The Reserve Bank released its quarterly HPI data for Q4, based on transaction-level data received from the registration authorities in 10 major cities.
“All-India HPI increased by 3.1 per cent (YoY) in Q4 2024-25 as compared with 3.1 per cent growth in the previous quarter and 4.1 per cent growth a year ago; annual HPI growth varied widely across the cities - ranging from a high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi),” according to a RBI statement.
On a sequential basis, all-India HPI increased by 0.9 per cent in Q4.
Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter, the data showed.
Kolkata topped the chart with an 8.8 per cent increase, while Kochi was the only city to witness a contraction, recording a decline of 2.3 per cent. The 10 cities covered in the index include Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.