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All-India House Price Index (HPI) annual growth decline in Q1:2018-19

Oct 17, 2018: The Reserve Bank released the quarterly house price index (HPI) (base: 2010-11=100) for Q1:2018-19, 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 in the Database of Indian Economy (DBIE) portal (Statistics > Real Sector > Price & Wages > Quarterly).

Highlights:

o The All-India HPI recorded a sequential increase of 2.5 per cent in Q1:2018-19 over Q4:2017-18.

City-wise, large variance were observed in sequential terms, with Delhi recording the highest rise (5.3 per cent) and Kanpur recording the maximum contraction [(-)2.4 per cent].

On a year-on-year basis, the all-India HPI recorded a growth of 5.3 per cent in Q1:2018-19 as against 6.7 per cent in the previous quarter and 8.7 per cent a year ago.

Except Delhi, all other cities recorded a rise in housing price on an annual basis.

In terms of annual growth rates, large divergences can be observed in city-wise house price movements.


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.

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