Home prices rose 14.5% a year since Jan 2011: RBI

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 %