House Price Index inched up 4.6% in Q4FY23

All India House Price Index growth (y-o-y) inched up to 4.6 per cent in Q4:2022-23 from 2.8 per cent in the previous quarter and 1.8 per cent a year ago; the y-o-y movements in HPI varied widely across the cities – ranging from a growth of 16.3 per cent (Bengaluru) to a contraction of 8.5 per cent (Jaipur).

HPI (base: 2010-11=100) is based on transaction-level data received from the registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai).

On a sequential (q-o-q) basis, all India HPI increased by 0.6 per cent in Q4:2022-23, showing sequential increase in seven of the cities.