Reserve Bank of India – Press Releases


Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q2:2022-23, based on transaction-level data received from the registration authorities in ten major cities (viz., 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 on Indian economy (DBIE) portal ( > Real Sector > Price & Wages > Quarterly).


  • All India HPI recorded 4.5 per cent growth (y-o-y) in Q2:2022-23 as compared with 3.5 per cent in the previous quarter and 2.4 per cent a year ago; the y-o-y movements in HPI varied widely across the cities – ranging from a growth of 11.1 per cent (Kochi) to a contraction of 4.1 per cent (Jaipur).

  • On a sequential (q-o-q) basis, all India HPI increased by 0.4 per cent in Q2:2022-23; while Ahmedabad, Kolkata, Chennai and Jaipur recorded sequential contraction in the index, it rose for the remaining cities.

Chart 1: Movement of House Price Index

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1257

Source link

See also  Banks sanction Rs 25,286 crore to 1.14 lakh Stand-Up India beneficiaries in 5 years


Please enter your comment!
Please enter your name here