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All-India House Price Index rises 3.5% in the first quarter of 2022–23

2022-09-02

The Reserve Bank of India (RBI) has increased the pricing index for residences in India by 3.5% year over year during the first quarter of 2022–2023.

The central bank publishes the all-India Housing Price Index (HPI) once every three months.

It is based on transaction-level data gathered from the government agencies in charge of house registration in ten of the nation's largest cities.

Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai are the cities in question. According to RBI, significant variation was seen in the index's yearly movement throughout the nation's cities and regions. Bengaluru saw a 4% contraction while Kolkata experienced a 16% gain.

In the first quarter of 2022–2023, the house price index increased sequentially across the entire country of India by 2.2%.

The index for Delhi, Kolkata, and Jaipur all contracted accordingly. All other cities saw the index rising outside these three.

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