RBI reports 3.1% rise in India�s housing prices with Kolkata in the lead

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Last Updated : 1st Jan, 1970

Synopsis

The All-India House Price Index (HPI), released by the Reserve Bank, registered an annual increase of 3.1% during the January�March quarter of FY 2024�25. This mirrored the growth rate of the preceding quarter, though lower than the 4.1% rise recorded a year earlier. Based on transaction data from ten major cities, the HPI exhibited significant regional disparities: Kolkata saw the steepest annual increase at 8.8%, whereas Kochi experienced a contraction of 2.3%. Every quarter, the national index rose by 0.9%, with cities like Bengaluru, Jaipur, Kolkata, and Chennai showing notable gains.

Representative image

The Reserve Bank has reported that the All-India House Price Index (HPI) rose by 3.1% year-on-year during the January to March quarter of FY 2024�25. This rate matched the figure recorded in the previous quarter but was slightly lower than the 4.1% increase noted during the same period a year earlier.

This quarterly HPI, which the Reserve Bank compiles using transaction-level data from property registration authorities across ten major cities, showed significant regional variation in price movements.

Among the cities surveyed, Kolkata saw the most robust annual growth in housing prices, recording a substantial 8.8% increase. In contrast, Kochi experienced the only negative trend with a contraction of 2.3% over the same period.

On a quarter-on-quarter basis, the HPI rose by 0.9% nationally. Bengaluru, Jaipur, Kolkata, and Chennai were among the prominent cities that recorded sequential increases in house prices during the assessed period.

The ten cities covered in the HPI dataset include Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. The Reserve Bank has been releasing this index on a quarterly basis to track trends in the Indian housing market and inform policy direction.

For homebuyers, developers, and policymakers alike, these differentiated growth patterns offer crucial insights into investment potential and regional market health, pointing toward the need for city-specific strategies rather than a one-size-fits-all approach.

Source - PTI

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5th Jun, 2025

RBI reports 3.1% rise in India�s housing prices with Kolkata in the lead

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