House Price Index Climbs 3.1% in Q3: RBI Report
The All-India House Price Index (HPI) saw a 3.1% increase in the third quarter of 2024-25, according to data released by the Reserve Bank of India (RBI). The growth was observed across 10 major cities, with Kolkata leading the annual growth.
House Price IndexRbi DataReal Estate GrowthHousing MarketProperty Market TrendsReal Estate MumbaiFeb 27, 2025
This data was released by the Reserve Bank of India (RBI) on Thursday, based on transaction-level data collected from the registration authorities in 10 major cities.
The cities monitored for the report are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
The annual HPI growth varied significantly across the cities, ranging from a high of 8.1 percent in Kolkata to just 0.1 percent in Kanpur.
On a sequential (quarter-over-quarter) basis, the all-India HPI increased by 0.4 percent in Q3 2024-25.
Several cities recorded a sequential rise in house prices during the latest quarter.
These cities include Mumbai, Bengaluru, Ahmedabad, Lucknow, Kolkata, Chennai, Jaipur, and Kochi.
The varying growth rates highlight the diverse economic conditions and housing market dynamics in different regions of the country.
The RBI's quarterly house price report provides valuable insights into the health of the real estate sector.
It helps policymakers, investors, and homebuyers make informed decisions by understanding the trends in property values.
The report is particularly important for cities like Mumbai and Kolkata, where the property market has a significant impact on the overall economy.
In Mumbai, the increase in house prices reflects the ongoing demand in the real estate sector, driven by factors such as a growing population, economic development, and improved infrastructure.
Similarly, in Kolkata, the high annual growth rate of 8.1 percent suggests that the city is experiencing a robust housing market, possibly due to increased investment and urbanization.
For homebuyers, these trends can be both encouraging and challenging.
Encouraging because a growing market often indicates a stable and prosperous economy, but challenging because higher prices can make it more difficult for first-time buyers to enter the market.
Investors, on the other hand, may find the data useful for identifying opportunities in cities with significant growth.
Cities like Kolkata, with its high growth rate, and others like Bengaluru and Chennai, which also showed positive trends, could be attractive for real estate investments.
Overall, the RBI's report underscores the importance of monitoring house price movements to understand the broader economic landscape and to make informed decisions in the real estate market.
Frequently Asked Questions
What is the All-India House Price Index (HPI)?
The All-India House Price Index (HPI) is a statistical measure that tracks the average change in housing prices over time across major cities in India. It is published by the Reserve Bank of India (RBI) and is based on transaction-level data from registration authorities.
Which cities are included in the RBI's HPI report?
The RBI's HPI report includes data from the following 10 major cities: Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
What was the annual HPI growth rate for Kolkata?
Kolkata recorded the highest annual HPI growth rate of 8.1 percent in the third quarter of 2024-25.
How much did the all-India HPI increase sequentially in Q3:2024-25?
The all-India HPI increased by 0.4 percent on a sequential (quarter-over-quarter) basis in Q3:2024-25.
Which cities saw a sequential rise in house prices in the latest quarter?
Mumbai, Bengaluru, Ahmedabad, Lucknow, Kolkata, Chennai, Jaipur, and Kochi recorded a sequential rise in house prices during the latest quarter.
Related News Articles
What's Next for Real Estate? Expectations from the New Government
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
Improving Response to Surveys from High-Income Groups: A Collaborative Effort
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Mahesh Jethmalani on Adani Case: No Allegation of Bribery in India
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts Bullish on HUDCO, Anant Raj, and Other Top Stocks for 2023
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg Shuts Down and Lays Off Better.com's Real Estate Unit
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
Mumbai Real Estate Market Shows Signs of Stability and Growth
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.