Technoglitch
Core Member
Real estate prices continue to rise in the country.
The House Price Index (HPI) of the Reserve Bank of India (RBI) increased by 13.73% year-on-year and 1.95% during the fiscal second quarter.
The HPI looks at real estate data, especially the residential market, across India. The base year of HPI is 2010-11, with a base level of 100 points.
The HPI has been developed by RBI based on data of property price transactions collected from registration authorities of respective state governments.
According to the data that was released by the central bank on Friday, the index rose by 26.5 points to 219.5 on a year-on-year basis from 193 points in the previous year. Sequentially it rose 4.2 points to 219.5 points from 215.3.
The increase in the quarter was “mainly due to increase in HPI of Delhi, Ahmedabad and Chennai,” RBI said in a statement.
All India residential property price rise by 13.73% - Livemint
The House Price Index (HPI) of the Reserve Bank of India (RBI) increased by 13.73% year-on-year and 1.95% during the fiscal second quarter.
The HPI looks at real estate data, especially the residential market, across India. The base year of HPI is 2010-11, with a base level of 100 points.
The HPI has been developed by RBI based on data of property price transactions collected from registration authorities of respective state governments.
According to the data that was released by the central bank on Friday, the index rose by 26.5 points to 219.5 on a year-on-year basis from 193 points in the previous year. Sequentially it rose 4.2 points to 219.5 points from 215.3.
The increase in the quarter was “mainly due to increase in HPI of Delhi, Ahmedabad and Chennai,” RBI said in a statement.
All India residential property price rise by 13.73% - Livemint
