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 | |