The Reserve Bank of India (RBI) released the House Price Index (HPI) for Q2:2025-26 with base year as 2022-23, in eighteen major cities.

The RBI compiles the House Price Index (HPI) on quarterly basis based on transaction-level data received from the registration authorities.

The value of House Price Index declined from 113.4 to 112.7 in Q2:2025-26 as compared to Q1:2025-26, owing to decrease of the index for major cities, viz., Kolkata, Chennai, Lucknow and Hyderabad.

All India HPI recorded an annual growth (y-o-y) of 2.2 per cent in Q2:2025-26 as compared to 7.0 per cent registered in the corresponding quarter a year ago. The cities like Nagpur, Ghaziabad, and Chandigarh contributed for the rise in HPI.

On quarter on quarter basis, the index registered a decline of 0.6 per cent, contributed largely by Kolkata, Chennai and Lucknow.

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