Housing prices rise in 42 cities in the first quarter

All the eight major metros recorded an increase in the index on an annual basis — Ahmedabad (13.5 per cent), Bengaluru (3.4 per cent), Chennai (12.5 per cent), Delhi (7.5 per cent), Hyderabad (11.5 per cent), Kolkata (6.1 per cent), Mumbai (2.9 per cent) and Pune (3.6 per cent), National Housing Bank (NHB) Residex said.

On a sequential basis, the 50-city index registered an expansion of 1.7 per cent in April-June 2022 against 2.6 per cent in the previous quarter, it said, adding the index is showing an increasing trend on a quarter-on-quarter basis since June 21

The annual change in HPI at Assessment Price varied widely across the cities – ranging from an increase of 16.1 per cent (Coimbatore) to a decline of 5.1 per cent (Navi Mumbai).

The housing Price Index (HPI) tracks the movement in prices of residential properties in select 50 cities on a quarterly basis with FY 2017-18 as the base year.

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