Housing trends: All-India house price index up 3.6% in Q1, Nagpur and Chennai lead quarterly gains
India's house price index saw a 3.6% year-on-year rise in Q1 of the current fiscal, moderating from last year's 7.6% growth. The Reserve Bank of India's updated index, now with a 2022-23 base year and expanded city coverage, also recorded a 2% sequential increase. Nagpur, Chandigarh, Chennai, and Kochi led the gains.
India's house price index saw a 3.6% year-on-year rise in Q1 of the current fiscal, moderating from last year's 7.6% growth. The Reserve Bank of India's updated index, now with a 2022-23 base year and expanded city coverage, also recorded a 2% sequential increase. Nagpur, Chandigarh, Chennai, and Kochi led the gains. What's Your Reaction?
