Advertisement
Property prices rose in 45 out of 50 cities during the first quarter of the 2025-26 financial year, as per data released by the National Housing Bank (NHB). The Housing Price Index showed an annual increase of 5.7 per cent, although slightly lower than the 6.6 per cent growth seen a year earlier. Major markets including Bengaluru, Chennai, Mumbai, and Pune witnessed steady appreciation, while a few cities such as Howrah, Kochi, and Thiruvananthapuram recorded notable declines.
The National Housing Bank reported that property prices increased in the majority of Indian cities during the first quarter of the 2025-26 financial year. Out of 50 tracked cities, 45 recorded a rise in residential property values, while five cities reported a decline. Among those registering a fall, Howrah saw the sharpest drop of 6.1 per cent, followed by Kochi with a 5.5 per cent decline and Thiruvananthapuram with a 4.8 per cent decrease. Advertisement
The 50-city Housing Price Index (HPI), compiled using valuation data collected from banks and housing finance companies, reflected an annual growth of 5.7 per cent. This was marginally lower than the 6.6 per cent increase observed in the same quarter of the previous year.
Seven key primary residential markets also witnessed an annual rise in property prices during the April-June period. Ahmedabad recorded a 6.8 per cent increase, Bengaluru posted the highest growth at 9.1 per cent, and Chennai saw a 7 per cent rise. Hyderabad registered a comparatively modest increase of 2.3 per cent, while Kolkata and Pune each recorded gains of 6.8 per cent and 6 per cent respectively. Mumbai registered an appreciation of 5.2 per cent, whereas Delhi remained broadly stable compared to the same period in the previous year.
On a quarterly basis, the Housing Price Index advanced by 0.5 per cent during April-June. This marked a continuation of the upward trend observed consistently since September 2021. The NHB also noted that home loan interest rates had eased by 100 basis points in February, providing some support to the housing market.
However, select cities such as Howrah, Kochi, and Thiruvananthapuram highlighted regional variations with noticeable declines. The moderation of home loan interest rates earlier in the year has also played a role in sustaining demand. With quarterly trends remaining positive since 2021, the housing market appears to be on a steady upward trajectory.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
