Get in touch with us for all investment related details - or write to info@property81.com

1. Despite slow annual growth rate, housing prices up 13.7% in July-Sep quarter, says RBI
Appearing as a silver lining for real estate industry, the Reserve Bank of India’s (RBI) report for July-
September quarter states that though the annual growth rate has slowed down, housing prices
increased by 13.7% compared with year-ago period.
Housing prices rose in many cities across the country but Delhi witnessed the maximum rise with
nearly 22% increase in prices during the quarter over the last year. The data showed that the
housing price index of Delhi rose maximum at 21.9% during the second quarter of 2015-15
compared with a year ago. The minimum Y-o-Y growth was in Kochi (-7.2%).
The Reserve Bank of India has released a quarterly House Price Index (HPI) for All India and ten
major cities -- Mumbai, New Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur,
Kanpur and Kochi.
The all-India housing price index increased to 219.5 in the second quarter of 2015-16 from 215.3 in
the first quarter of mainly due to increase in HPI of Delhi, Ahmedabad and Chennai, the RBI said in a
statement.
“Year-on-Year growth for HPI-All India further declined to 13.7% in Q2 of 2015-16 (14.5% in Q1 of
2015-16 and 17.5% in Q4 of 2014-15) mainly due to decline of year-on-year growth of HPI of Kolkata,
Jaipur and Lucknow,” the RBI said.
Kanpur witnessed the highest growth at 5.51% whereas Kolkata witnessed maximum fall in index of
3.13% on quarter-on-quarter basis. Housing price index of all the 10 cities, barring Kochi, went up
during the second quarter of current fiscal. The prices have shown upward trend despite the huge
slowdown in demand in the real estate sector, particularly in the residential segment.
According to RBI report, housing price index of Bengaluru increased by 19.12% in the second quarter
of this fiscal compared with the year-ago period, followed by Chennai (12.38%), Lucknow (10.89%),
Mumbai (10.75%), Kanpur (8.44%), Ahmedabad (7.4%), Kolkata (7.07%) and Jaipur (3.2%).
On pan-India basis, the index increased by 13.7% to 219.5 points against 193 in the year-ago period.
The RBI’s housing price index has taken the base year as Q1 of 2010-11 with an index of 100. The RBI
said the index of Chennai is based on both residential and commercial properties.