Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusiness

Housing prices index up 3.9% in Q4 of 2019-20 on an annual basis: RBI

The Reserve Bank of India (RBI) released its quarterly house price index (HPI) for the fourth quarter of 2019-20. The HPI is calculated on base year 2010-11.

June 30, 2020 / 09:04 PM IST

All-India housing prices index rose by 3.9 percent during the fourth quarter of 2019-20 compared to the year ago period, but contracted 0.2 percent compared to the previous quarter, the RBI said on Tuesday.

The Reserve Bank of India (RBI) released its quarterly house price index (HPI) for the fourth quarter of 2019-20. The HPI is calculated on base year 2010-11.

The index is based on transaction level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai).

"The all-India HPI contracted by (-) 0.2 percent on a sequential basis (q-o-q), largely due to decline in the house prices in Delhi, Bengaluru, Ahmedabad and Jaipur; Mumbai recorded the highest sequential rise," the statement said.

However, on an annual basis (YoY), the all-India HPI increased by 3.9 percent in the fourth quarter of 2019-20. The index had risen by 3 percent in the previous quarter and 3.6 percent In Jan-March 2019.

The HPI varied widely across cities and ranged from 22.6 percent (in Jaipur) to (-) 13.8 percent (in Kochi), the statement said.

PTI
first published: Jun 30, 2020 08:50 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347