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Today, the Reserve Bank launched its quarterly home value index (HPI)1 (base: 2010-11=100) for Q1:2022-23, based mostly on transaction-degree knowledge obtained from the housing registration authorities in ten main cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai). Time sequence knowledge on all India and metropolis-clever HPIs can be found on the Bank’s database on Indian economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages > Quarterly).
Highlights:
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All India HPI recorded an annual development (y-o-y) of 3.5 per cent in Q1:2022-23 as in contrast with 1.8 per cent within the earlier quarter and a couple of.0 per cent a 12 months in the past; the y-o-y actions in HPI assorted broadly throughout the cities – starting from a development of 16.0 per cent (Kolkata) to a contraction of 4.0 per cent (Bengaluru).
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On a sequential (q-o-q) foundation, all India HPI elevated by 2.2 per cent in Q1:2022-23; whereas Delhi, Kolkata, and Jaipur recorded sequential contraction within the index, it rose for the remaining cities.
(Yogesh Dayal)
Chief General Manager
Press Release: 2022-2023/795
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