Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q4:2019-20, 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 > Real Sector > Price & Wages > Quarterly).

Highlights:

• The all-India HPI contracted by (-)0.2 per cent on a sequential basis (q-o-q), largely due to decline in the house prices in Delhi, Bengaluru, Ahmedabad and Jaipur; Mumbai recorded the highest sequential rise.

• On an annual basis (y-o-y), however, the all-India HPI increased by 3.9 per cent in Q4:2019-20 from 3.0 per cent in the previous quarter and 3.6 per cent a year ago: it varied widely across cities and ranged from 22.6 per cent (in Jaipur) to (-)13.8 per cent (in Kochi).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2572

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.