Delhi witnessed the maximum rise with nearly 22 percent increase in prices during the quarter over the last year.

  • The Reserve Bank of India today released quarterly House Price Index (HPI) for All India and ten major cities – Mumbai, 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, RBI said in a statement.
  • The housing price index decreased in Kolkata, Kochi and Bengaluru during the second quarter of this fiscal from the previous quarter.
  • On quarter-on quarter basis, the housing price index for Kanpur witnessed the highest growth at 5.51 percent, whereas Kolkata witnessed maximum fall in index of 3.13 percent.

Click here for more news on RBI

Latest News  from Business News Desk