What is Residential Property Rates in your City?
What is Residential Property Rates in your City? The Reserve Bank of India (RBI) has released data indicating that the third quarter of 2023–24 saw a steady increase in housing prices in India. In comparison to the same period last year, the RBI's All-India Home Price Index (HPI) increased to 3.81% in the December quarter of 2023–2024. In the same quarter of the previous year, the index saw an annual rise of 2.81%. In the 2023–24 quarter, the yearly increase in housing prices had leveled out at 3.5%. On February 26, 2024, the central bank made the HPI public using transaction-level data that it had obtained from the registration authorities in ten major cities. Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai are the cities in question. Keep in mind that changes in residential real estate prices varies widely from one city to another. Six of the ten cities—Delhi, Mumbai, Chennai, Bengaluru, Ahmedabad, and Kochi—saw increases in home prices i...