House Price Index moderated at 1.1% in Q2, says RBI
December 31, 2020
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The annual growth (y-o-y) in all-India House Price Index (HPI) continued to moderate, standing at 1.1 per cent in Q2 of 2020-21 (July-September), compared with 2.8 per cent in the previous quarter and 3.3 per cent a year ago, according to Reserve Bank of India (RBI) data.
The central bank observed that the all-India HPI contracted by (-) 1.1 per cent on a sequential basis (quarter-on-quarter/QoQ) in Q2:2020-21; among major cities, Delhi, Bengaluru, Kolkata and Chennai recorded sequential decline in HPI, whereas house prices in Mumbai remained around the previous quarter’s level.