Property Prices Surge in 45 Out of 50 Cities: NHB Report
The National Housing Bank (NHB) report reveals that property prices have increased in 45 out of 50 cities during the first quarter of FY26. Discover the cities with the most significant gains and declines.
Property PricesNhb ReportReal Estate MarketHousing Price IndexResidential MarketsReal Estate NewsAug 28, 2025
Out of the 50 cities covered, 5 cities registered a decline in the property prices on an annual basis. Howrah registered the maximum decline of 6.1 per cent followed by Kochi (5.5 per cent) and Thiruvananthapuram (4.8 per cent), the latest residential housing price index NHB RESIDEX released on Thursday said.
The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 5.7 per cent during the first quarter of the current fiscal compared to 6.6 per cent a year ago, it added.
Seven key primary residential markets witnessed an appreciation in property prices during April-June 2025, it said. Primary residential properties in Ahmedabad witnessed an increase of 6.8 per cent while those in Bengaluru rose by 9.1 per cent, and in Chennai by 7 per cent.
Hyderabad (2.3 per cent), Kolkata (6.8 per cent), Mumbai (5.2 per cent) and Pune (6 per cent) recorded an increase in the index on an annual basis. For Delhi, the index was around the same level as Q1 FY25 as per the Housing Price Index published by the National Housing Bank.
On a quarter-on-quarter basis, the 50-city index registered an expansion of 0.5 per cent in April-June period. The index has shown an increasing trend on the Q-o-Q basis since September 2021.
Meanwhile, the interest rate on home loans moderated by 100 basis points in February 2025.
Frequently Asked Questions
What is the NHB RESIDEX?
The NHB RESIDEX is the National Housing Bank's Residential Housing Price Index, which tracks property price trends in 50 major cities across India based on data collected from banks and housing finance companies.
Which cities saw the most significant decline in property prices?
Howrah, Kochi, and Thiruvananthapuram saw the most significant declines in property prices, with Howrah leading the decline at 6.1 per cent.
What was the overall increase in property prices in the 50 cities?
The 50-city Housing Price Index (HPI) recorded an annual increase of 5.7 per cent during the first quarter of the current fiscal year, compared to 6.6 per cent a year ago.
Which cities experienced the highest property price increases?
Ahmedabad, Bengaluru, and Chennai saw the highest property price increases, with Ahmedabad leading at 6.8 per cent, followed by Bengaluru at 9.1 per cent, and Chennai at 7 per cent.
How has the interest rate on home loans changed?
The interest rate on home loans moderated by 100 basis points in February 2025, making home loans more affordable for potential buyers.
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