Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q3:2019-20, based on transaction level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai). Time series on all-India and city-wise HPI are available at the Bank’s Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > RealSector > Price&Wages > Quarterly).

Highlights:

• The annual growth (y-o-y) in all-India HPI moderated further to 3.0 per cent in Q3:2019-20 from 3.3 per cent in the previous quarter and 5.1 per cent a year ago.

• Annual HPI growth (y-o-y) varied widely across cities: Bengaluru recorded the highest rise (16.7 per cent) whereas Kochi witnessed the largest csontraction [(-)5.8 per cent].

• HPI declined for Mumbai, Delhi and Kochi on an annual basis.

• On a sequential basis (q-o-q), the all-India HPI increased by 1.2 per cent, with Chennai recording the largest rise (9.3 per cent) and Mumbai and Kolkata recording the largest contraction [(-)3.1 per cent each].

Ajit Prasad
Director   

Press Release: 2019-2020/2143

¹ Compiled in the Department of Statistics and Information Management, Reserve Bank of India. Reference may be made to the article “House Price Index: 2010-11 to 2013-14” in October 2014 issue of the RBI Bulletin (weblink: https://www.rbi.org.in/Scripts/BS_ViewBulletin.aspx) for HPI compilation methodology.