House Price Index jumps 2.6% YoY in Q2FY22; Kochi leads while Delhi, Ahmedabad, Bengaluru witness decline

The House Price Index (HPI) has risen by 2.6 per cent Year-on-Year for the quarter ended 30 September according to data revealed by the Reserve Bank of India (RBI). This was higher than 1.1 per cent recorded during the coresponding period last year. 

The Central Bank released its quarterly house price index for Q2FY22 based on transaction-level data received from housing registration authorities in ten major cities viz, Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai). 

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The HPI recorded in Q1FY22 was at 2.0 per cent.  

The maximum jump in HPI was reported in Kochi in Kerala. Meanwhile, HPI in the national capital Delhi was recorded at -4.9 per cent. 

The decline in HPI was reported in major cities including Delhi, Bengaluru and Ahmedabad. 

The HPI in other cities appreciated during the reported quarter.