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.