New Delhi – The Reserve Bank of India (RBI) reported that the all‑India house price index (HPI) rose 3.6 % on a year‑on‑year basis in the first quarter of the current fiscal year (Q1 FY26). The increase, based on transaction‑level data from 18 major cities, shows a modest climb compared with the 7.6 % jump in the same quarter a year earlier.
In Q1 2025‑26, the HPI grew 2.0 % from the previous quarter, signalling steady domestic property price movements. High‑growth cities included Nagpur, Chandigarh, Chennai and Kochi, which experienced the strongest gains.
This quarter’s HPI uses a new base year of 2022‑23, replacing the previous 2010‑11 base. The updated series now covers 18 cities: the original 10 (including Mumbai, Delhi and Bangalore) plus eight newcomers – Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur. The RBI compiles the index quarterly from data supplied by registration authorities.
Why does this matter? A rising house price not only raises the value of homes but also boosts households’ perceived wealth, influencing their spending and borrowing. It also encourages construction, because developers find it more profitable when prices climb above building costs. Higher property values strengthen housing collateral, potentially widening bank lending and supporting residential investment.
Overall, the RBI’s latest figures suggest that India’s real estate market remains on a steady upward trajectory, with price gains continuing to support construction, lending and household confidence.
Source: ianslive
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