Mumbai: As per the data released by the Reserve Bank of India (RBI), the ‘All India House Price Index’ (HPI) rose 1.8% in March quarter of 2021-22 on an annual basis. It registered a growth of 2.7% in the January-March quarter.
All India House Price Index is prepared by the RBI based on the transaction-level data received from housing registration authorities in ten major cities. The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
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As per RBI, only Kolkata, Chennai and Kanpur recorded sequential growth. All the 7 other cities registered the highest sequential contraction of 11.1%. The year-on-year movements in HPI varied widely across the cities – ranging from a growth of 19.2% in Kolkata to a contraction of 11.3% in Bengaluru.
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