Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q4:2020-21, 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 data on all-India and city-wise HPIs 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:
- All-India HPI increased (y-o-y) by 2.7 per cent in Q4:2020-21 vis-a-vis 3.9 per cent growth a year ago; HPI growth showed large variation across major cities, from an increase of 15.7 per cent (Bengaluru) to a contraction of (-) 3.6 per cent (Jaipur).
- On a sequential (q-o-q) basis, all-India HPI growth rate moderated to 0.2 per cent in Q4:2020-21; Delhi, Bengaluru, Kolkata and Jaipur recorded a sequential decline in HPI, whereas it increased for other cities.
