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
Luxury Real Estate: A New Era of Opulence in India
Indian real estate firms are diversifying their portfolios to include ultra-luxury projects, capitalising on the uptick in demand for opulent apartments among new-generation entrepreneurs and C-level executives.
SBI, PNB, Canara, HDFC, ICICI FD Rates for General Public: Latest Offers and Details
Explore the latest fixed deposit (FD) rates offered by top Indian banks such as SBI, PNB, Canara, HDFC, and ICICI. Know the best deals and offers available for the general public.
Macrotech Developers Expands Bengaluru Presence with 20-Acre Land Acquisition
Mumbai-based real estate giant Macrotech Developers has acquired a 20-acre land parcel in Bengaluru to develop a Rs 2,800 crore housing project. This strategic move is part of the company’s expansion plan into the bustling IT city.
Prestige Estates Sees Sales Bookings Drop by 38% to Rs 10,066 Cr in Q1-3 FY23
Prestige Estates Projects Ltd, a prominent real estate firm, has reported a significant decline in sales bookings, down 38% to Rs 10,065.7 crore during the April-December period of the current fiscal year. This decline highlights the challenges faced by t
TVS Emerald Expands Footprint with Strategic Land Acquisitions in Bengaluru and Chennai
TVS Emerald, a prominent real estate developer, has made significant strides by acquiring multiple land parcels in Bengaluru and Chennai, solidifying its market position and expanding its project portfolio.
Online Tenant Verification to Roll Out in Pune and Mumbai Next Month
Pune and Mumbai are set to introduce an online tenant verification system next month, streamlining the property registration process and enhancing transparency in real estate transactions.