The All-India House Price Index (HPI) saw a year-on-year increase of 2.2% in the second quarter of the 2025-26 fiscal year, according to data from the Reserve Bank of India (RBI). This marks a significant slowdown compared to the 7% growth recorded in the same quarter the previous year. The HPI, which is compiled quarterly using transaction-level data from registration authorities across 18 major cities, has adopted a new base year of 2022-23, replacing the earlier base year of 2010-11.
Cities such as Nagpur, Ghaziabad, and Chandigarh have notably contributed to this annual increase in the HPI. However, on a quarter-on-quarter basis, the index experienced a decline of 0.6%, driven primarily by significant drops in cities like Kolkata, Chennai, and Lucknow. Overall, the HPI value decreased from 113.4 in the first quarter of 2025-26 to 112.7 in the second quarter, indicating reduced house price growth in crucial urban centers including Kolkata, Chennai, Lucknow, and Hyderabad.
The RBI’s HPI encompasses 18 cities: Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh, and Nagpur. The slower growth in the HPI underscores a trend of moderated housing price appreciation across India, illustrating how regional variations are influencing both annual and quarterly changes in the market.
Original Source: https://theshillongtimes.com/2025/11/28/house-prices-climb-2-2-annually-in-q2-rbi/
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Publish Date: 2025-11-28 05:44:00
