residence costs: Home value index rises 1.8 computer in This fall of FY22: RBI information

The All India Home Value Index (HPI) rose 1.8 per cent within the fourth quarter of FY22 on an annual foundation, in keeping with information launched by the Reserve . Nevertheless, the rise in the important thing index was slower in comparison with the January-March quarter of the previous fiscal when it had recorded a rise of two.7 per cent.

The RBI releases its quarterly home value index based mostly on transaction-level information obtained from housing registration authorities in ten main cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

“All India HPI recorded an annual progress of 1.8 per cent in This fall, 2021-22 as in contrast with 3.1 per cent within the earlier quarter and a pair of.7 per cent a 12 months in the past,” the RBI mentioned in an announcement.

The year-on-year actions in HPI diverse broadly throughout the cities — starting from a progress of 19.2 per cent (Kolkata) to a contraction of 11.3 per cent (Bengaluru).

On a sequential (quarter-on-quarter) foundation, the all India HPI registered a contraction of 1.1 per cent in This fall of 2021-22.

Solely Kolkata, Chennai and Kanpur recorded sequential progress; whereas the index contracted for the remaining cities with Bengaluru recording the very best sequential contraction of 11.1 per cent.
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