The Reserve Bank (RBI) released the quarterly house price index (HPI)1 (base: 2010-11=100) for Q1:2018-19, based on transactions data received from housing registration authorities in ten major cities (viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi).

The All-India HPI recorded a sequential increase of 2.5 per cent in Q1:2018-19 over Q4:2017-18. City-wise, large variance were observed in sequential terms, with Delhi recording the highest rise (5.3 per cent) and Kanpur recording the maximum contraction [(-)2.4 per cent]. On a year-on-year basis, the all-India HPI recorded a growth of 5.3 per cent in Q1:2018-19 as against 6.7 per cent in the previous quarter and 8.7 per cent a year ago. Except Delhi, all other cities recorded a rise in housing price on an annual basis. In terms of annual growth rates, large divergences can be observed in city-wise house price movements.