RBI House Price Index: DETAILS OUT for Q4FY21 - Check how top Indian cities performed including Ahmedabad, Chennai, Delhi, Kochi, Kanpur, Kolkata, Lucknow and Mumbai
by Deepak Yadav
Reserve Bank of India (RBI) has released its quarterly House Price Index (HPI). The HPI has increased by 2.7 per cent on the all-India basis for the quarter ended 31 March 2021 as against 3.9 per cent growth in a year ago period. There has been a significant difference in the HPI of major cities in the country.
While the HPI increased by 15.7 per cent during the Q4 of FY21, it reduced by 3.6 per cent in Jaipur.
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On the quarter-on-quarter (QoQ) basis, the Q4FY21 HPI fell by 0.2 per cent across the country. The QoQ HPI rate fell for cities including Delhi, Bengaluru, Kolkata and Jaipur.
The HPI improved in cities including Ahmedabad, Chennai, Delhi, Kochi, Kanpur, Kolkata, Lucknow and Mumbai.
The HPI data released by RBI is based on the quarterly housing registration data.
The data was released by the banking regulator on Monday. The Reserve Bank released its quarterly house price index (HPI) (base: 2010-11=100) for Q4 of 2020-21, based on transaction-level data received from housing registration authorities in ten major cities including Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai.
Time series data on all-India and city-wise HPIs are available at the Bank’s Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages > Quarterly).
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