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All-India House Price Index (HPI) Annual Growth Remained Stable In Q3:2017-18

Apr 26, 2018: Today, the Reserve Bank released the quarterly house price index (HPI) (base: 2010-11=100) for Q3:2017-18, based on transactions data received from housing registration authorities in ten major cities (viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi).

Time series data on All-India and city-wise HPI are available on the Database of Indian Economy (DBIE) portal  > RealSector > Price&Wages > Quarterly.


 o The All-India HPI recorded a sequential increase (i.e., Q3:2017-18 over Q2:2017-18) of 2.4 per cent.

 o In sequential terms, all cities recorded an increase, with Ahmedabad recording the highest rise (8.8 per cent) and Delhi recording the minimum rise (0.1 per cent).

 o The all-India HPI recorded growth of 7.6 per cent on an annual basis (i.e., Q3:2017-18 over Q3:2016-17) as against 7.4 per cent observed in the previous quarter and 8.3 per cent a year ago.

 o The annual growth in HPI ranged from 26.6 per cent (in Kochi) to 0.2 per cent (in Bengaluru), indicating large divergences in city-wise housing price movements.

All-India House Price Index (HPI) in Q3 FY 2017-18

Note: House price index (HPI) is compiled in the Statistical Analysis Division of the Department of Statistics and Information Management, Reserve Bank of India, Mumbai. Reference may be made to the article “House Price Index: 2010-11 to 2013-14” in October 2014 issue of the RBI Bulletin for HPI compilation methodology and the related caveats.

Source: Reserve Bank of India (RBI)

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