Economy Reports News Details

All-India House Price Index growth moderates to 3.4% in Q2FY-24: RBI

(01-Dec-23   11:05)

All-India HPI growth (y-o-y) moderated to 3.4 per cent in Q2:2023-24 from 5.1 per cent in the previous quarter and 4.5 per cent a year ago; annual growth in HPI varied widely across the cities - ranging from the high growth of 6.5 per cent (Chennai) to a contraction of 0.2 per cent (Jaipur), the Reserve Bank of India stated. On a sequential (q-o-q) basis, all-India HPI contracted by 1.2 per cent in Q2:2023-24; seven of the ten cities witnessed price increase in housing registration during the latest quarter.

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