Housing price index growth moderates, varies widely among major cities

Among major cities, Delhi, Bengaluru, Kolkata and Chennai recorded sequential decline in HPI
The YoY growth in Reserve Bank of India’s (RBI’s) All-India Housing Price Index (HPI) continued to moderate and was 1.1 per cent in Q2, against 2.8 per cent in Q1 and 3.3 per cent growth in the year-ago quarter.

The HPI also varied widely, increasing 9 per cent in Ahmedabad, and contracting 5.5 per cent in Delhi. Among major cities, Delhi, Bengaluru, Kolkata and Chennai recorded sequential decline in HPI, whereas prices in Mumbai remained around Q1’s level.

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