All-India house price index grows at 7.3% in Q1 of 2016-17

The all-India HPI recorded annual increase of 7.3 per cent in Q1 of 2016-17 after moderation over four consecutive quarters from 17.5 per cent in Q4 of 2014-15 to 3.3 per cent in Q4 of 2015-16.

On a sequential basis, ie, compared to the previous quarter (January-March 2015-16) the all-India HPI (base 2010-11=100) has increased by 5.5 per cent as per RBI data.

All cities witnessed HPI increase in Q1 of 2016-17. The Reserve Bank of India on Monday released the quarterly House Price Index (HPI) for the first quarter of the 2016-17 fiscal year for all-India and 10 major cities, viz, Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi.

On an annual basis, Chennai witnessed maximum increase of 23.9 in Q1 of 2016-17, whereas Jaipur witnessed maximum contraction (-4.4 per cent).

On a sequential basis (ie, Q1 of 2016-17 over Q4 of 2015-16), Kochi recorded highest HPI increase of 17.6 per cent; whereas Jaipur recorded the lowest increase of 0.6 per cent.

Based on the revised data received from Bengaluru, the All India as well as city-HPI are also updated for Q4 of 2015-16.