RBI's all-India House Price Index rises by 2.2 pc in Q2 of 2025-26
Mumbai, Nov 27
The all-India House Price Index (HPI) based on real estate deals in 18 major cities in the country increased by 2.2 per cent in the second quarter of the current financial year (2025-26) compared to the same period of the previous year, according to data released by the Reserve Bank of India (RBI) on Thursday.
Cities like Nagpur, Ghaziabad and Chandigarh contributed to the rise in HPI, the RBI statement said.
The growth in the housing price index is lower than the 7 per cent growth recorded in the same quarter last year.
On quarter on quarter basis, the index registered a decline of 0.6 per cent, contributed largely by Kolkata, Chennai Lucknow and Hyderabad.
The value of the House Price Index declined from 113.4 to 112.7 in Q2:2025-26 as compared to Q1:2025-26, owing to decrease of the index, the RBI statement further explained.
The Reserve Bank of India compiles the HPI every quarter based on transaction-level data received from the registration authorities.
The 18 cities covered by the RBI are Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.
The HPI for Q2:2025-26 has been released with a new base year of 2022-23. The earlier base year was 2010-11.
Eight new cities -- Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur -- have been added to the 10 major cities in the new series with base year 2022-23 in order to broaden the coverage of the index.
All-India HPI based on transaction-level data of 18 major cities increased by 3.6 per cent year-on-year in the first quarter of the current fiscal, according to Reserve Bank data released last month. This was lower than the 7.6 per cent growth in the first quarter of the previous year. Nagpur, Chandigarh, Chennai and Kochi registered the maximum increase over the last quarter.
— IANS
Reader Comments
Interesting to see Nagpur and Chandigarh leading the growth while metros like Mumbai and Delhi aren't mentioned. Tier-2 cities are becoming the new real estate hotspots! Good for balanced regional development.
As someone working in real estate analytics, I appreciate RBI expanding coverage to 18 cities. The new base year 2022-23 makes much more sense than the outdated 2010-11 base. More accurate data helps everyone!
Quarter-on-quarter decline of 0.6% is concerning for investors. With Chennai and Hyderabad showing negative trends, should we be worried about a broader market correction? Need to watch Q3 data closely.
Still waiting for prices to become affordable in Bangalore! Even with slower growth, current prices are way beyond what salaried professionals can manage. RBI data is good, but ground reality is different 😔
The quarterly decline might actually be good news for genuine home buyers. Market was overheating last year. This controlled growth is healthier for the economy in the long run.
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