This indicates a continuing upward trend in house prices across the country, though growth rates varied significantly across cities.
Bengaluru led the charge with an 8.8% annual growth, driven by strong demand and infrastructure development, while Kanpur saw a decline of 2.0%, reflecting regional market challenges.
On a quarter-on-quarter basis, the All-India HPI saw a slight dip of 0.1%, suggesting a mild cooling in the housing market compared to the previous quarter.
However, cities like Ahmedabad, Lucknow, Kolkata, and Chennai defied this trend with a sequential rise in house prices, driven by factors such as local demand and economic growth.
The HPI is based on transaction-level data collected from registration authorities in ten major cities, offering a detailed and reliable view of the housing market’s dynamics.
This data is crucial for homebuyers, investors, real estate developers, and policymakers, who use it to gauge market health and make informed decisions.
The varying performance across cities highlights the regional disparities in India’s housing market, with some areas continuing to experience robust growth while others face price stagnation or decline.
