Today, the Reserve Bank released the quarterly house price index (HPI)1 (base: 2010-11=100) for Q4:2017-18, based on transactions data received from housing registration authorities in ten major cities (viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi). Time series data on All-India and city-wise HPI are available in the Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > RealSector > Price&Wages > Quarterly). Highlights: -
The All-India HPI recorded a sequential increase of 0.3 per cent in Q4:2017-18 over Q3:2017-18. -
In sequential terms, Kochi recorded the highest rise (11.2 per cent) and Kolkata recorded the minimum rise (0.5 per cent). -
Delhi (-3.4 per cent) and Ahmedabad (-1.9 per cent) recorded decline in HPI from the previous quarter. -
On a year-on-year basis, the all-India HPI recorded a growth of 6.7 per cent in Q4:2017-18 as against 7.2 per cent in the previous quarter and 10.4 per cent a year ago. -
In terms of annual growth rates, large divergences can be observed in city-wise house price movements. Anirudha D. Jadhav Assistant Manager Press Release: 2018-2019/179
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