Home prices rose 14.5% a year since Jan 2011: RBI
ET Bureau|
Apr 10, 2017, 06.30 AM IST
The RBI House Price Index (HPI) of major Indian cities shows that home prices have risen smartly since April 2010.
Though quarterly growth rates tend to be volatile, the long-term trend has been encouraging for owners.
* Quarterly increase in the HPI is volatile and should not be seen as an indicator of the long-term trend.
* Annual growth in home prices has also slowed down and even turned negative in some cities in recent years.
* Some cities have seen a consistent rise in prices. Lucknow and Kanpur have witnessed a spurt in recent quarters.
* Home prices in Lucknow have risen 20.64% per year in past five years.
* On the other hand, Jaipur has been the worst markets, with home prices moving 3.5% a year in the past five years.
ALL INDIA: Steady rise in past six years
Home prices have gone up steadily since the HPI was launched in 2010.
Growth in prices (CAGR)
1 Year : 8.34 %
3 Year : 11.60 %
5 Year : 13.86 %
The House Price Index is based on transactions in 10 major cities. The all-India index is a weighted average of city indices. Weightages are based on the city population.
MUMBAI: Still very hot
Growth in prices (CAGR)
1 Year : 12.88 %
3 Year : 12.30 %
5 Year : 13.94 %
DELHI: Hits speedbreaker
Growth in prices (CAGR)
1 Year : 4.87 %
3 Year : 14.22 %
5 Year : 18.14 %
BENGALURU: Slowing down
Growth in prices (CAGR)
1 Year : 9.32 %
3 Year : 9.96 %
5 Year : 10.18 %
AHMEDABAD: Recovering
Growth in prices ( CAGR)
1 Year : 5.07 %
3 Year : 8.06 %
5 Year : 9.70 %
KOLKATA: Rising again
Growth in prices (CAGR)
1 Year : 7.18 %
3 Year : 12.61 %
5 Year : 18.41 %
CHENNAI: Getting hotter
Growth in prices (CAGR)
1 Year : 10.51 %
3 Year : 8.72 %
5 Year : 15.14 %
JAIPUR: In doldrums
Growth in prices (CAGR)
1 Year : -5.44 %
3 Year : 0.37 %
5 Year : 3.51 %
LUCKNOW: Shooting up
Growth in prices (CAGR)
1 Year : 19.33 %
3 Year : 18.30 %
5 Year : 20.64 %
KANPUR: Rediscovered
Growth in prices (CAGR)
1 Year : 5.04 %
3 Year : 14.00 %
5 Year : 2.19 %
Though quarterly growth rates tend to be volatile, the long-term trend has been encouraging for owners.
* Quarterly increase in the HPI is volatile and should not be seen as an indicator of the long-term trend.
* Annual growth in home prices has also slowed down and even turned negative in some cities in recent years.
* Some cities have seen a consistent rise in prices. Lucknow and Kanpur have witnessed a spurt in recent quarters.
* Home prices in Lucknow have risen 20.64% per year in past five years.
* On the other hand, Jaipur has been the worst markets, with home prices moving 3.5% a year in the past five years.
ALL INDIA: Steady rise in past six years
Home prices have gone up steadily since the HPI was launched in 2010.
Growth in prices (CAGR)
1 Year : 8.34 %
3 Year : 11.60 %
5 Year : 13.86 %
The House Price Index is based on transactions in 10 major cities. The all-India index is a weighted average of city indices. Weightages are based on the city population.
MUMBAI: Still very hot
Growth in prices (CAGR)
1 Year : 12.88 %
3 Year : 12.30 %
5 Year : 13.94 %
DELHI: Hits speedbreaker
Growth in prices (CAGR)
1 Year : 4.87 %
3 Year : 14.22 %
5 Year : 18.14 %
BENGALURU: Slowing down
Growth in prices (CAGR)
1 Year : 9.32 %
3 Year : 9.96 %
5 Year : 10.18 %
AHMEDABAD: Recovering
Growth in prices ( CAGR)
1 Year : 5.07 %
3 Year : 8.06 %
5 Year : 9.70 %
KOLKATA: Rising again
Growth in prices (CAGR)
1 Year : 7.18 %
3 Year : 12.61 %
5 Year : 18.41 %
CHENNAI: Getting hotter
Growth in prices (CAGR)
1 Year : 10.51 %
3 Year : 8.72 %
5 Year : 15.14 %
JAIPUR: In doldrums
Growth in prices (CAGR)
1 Year : -5.44 %
3 Year : 0.37 %
5 Year : 3.51 %
LUCKNOW: Shooting up
Growth in prices (CAGR)
1 Year : 19.33 %
3 Year : 18.30 %
5 Year : 20.64 %
KANPUR: Rediscovered
Growth in prices (CAGR)
1 Year : 5.04 %
3 Year : 14.00 %
5 Year : 2.19 %