All-India House Price Index rose by 3.5% in Q1 of 2022-2023

All-India House Price Index of Q1, 22-23: The all-India house price index (HPI) increased by 3.5% year over year, during the first quarter of 2022–2023 according to information made public by the Reserve Bank of India. The HPI increased by 1.8% between January and March and by 2% between April and June of 2021–22.

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All-India House Price Index: Key Points

• According to the RBI, there were significant differences in the year-over-year movements of the HPI among the cities, ranging from a growth of 16% in Kolkata to a contraction of 4% in Bengaluru.
• In the first quarter of 2022–2023, the all-India HPI climbed by 2.2% sequentially.
• The indicator sequentially decreased in Delhi, Kolkata, and Jaipur, while it increased in all other cities.

All-India House Price Index: Cities

The home registration authorities in 10 major cities:

• Ahmedabad
• Bengaluru
• Chennai
• Delhi
• Jaipur
• Kanpur
• Kochi
• Kolkata
• Lucknow
• Mumbai

are the cities to look for providing transaction-level data that the central bank used to calculate its quarterly house price index (HPI).

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