India’s house price index rises 3.6% year-on-year in Q1: RBI data

The all-India housing price index (HPI), based on transaction-level data from 18 major cities, rose 3.6% year-on-year in the first quarter of the current fiscal, according to Reserve Bank data released on Thursday.

The Reserve Bank of India (RBI) compiles the quarterly HPI based on transaction-level data received from registering authorities.

The central bank released its HPI for Q1 FY26 with a new base year of 2022-23. Earlier the base year was 2010-11.

“The all-India HPI increased by 3.6% (year-on-year) in Q1:2025-26 compared to 7.6% in the corresponding quarter last year,” the RBI said.

The value of the House Price Index recorded a marginal increase in Q1, with Nagpur, Chandigarh, Chennai and Kochi recording the maximum increase compared to the previous quarter.

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On a sequential (quarter-on-quarter) basis, the index was up 2% in the April-June quarter of 2025-26.

“Eight new cities, namely Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur, have been added to the existing 10 cities in the new series with base year 2022-23,” the RBI said.

Other cities are Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi.