Source: ZeeBusiness
The latest residential housing price index (NHB RESIDEX) released by National Housing Bank reports an increase in property prices across 48 cities during Q4 FY 2024-25.
The 50 city HPI based on valuation prices of properties collected from banks and housing finance companies (HPI @ Assessment Prices) recorded an annual increase (Y-o-Y) of 7.5 per cent during the 4th quarter of the fiscal 2025 as compared with 5.1 per cent a year ago. India’s eight key primary residential markets witnessed appreciating property prices during the period January-March 2025.
Ahmedabad (6.1 per cent), Bengaluru (13.1 per cent), Chennai (9.0 per cent), Delhi (2.9 per cent), Hyderabad (4.8 per cent), Kolkata (9.6 per cent), Mumbai (5.9 per cent) & Pune (6.8 per cent) recorded increase in the index on an annual basis as per the Housing Price Index published by the National Housing Bank. The annual change in HPI @ Assessment.
Price varied widely across the cities – ranging from an increase of 45.8 per cent (Navi- Mumbai) to a decline of 3.5 per cent (Howrah).
Out of the 50 cities covered, 2 cities (Howrah & Thiruvananthapuram) registered a decline in the property prices. On a sequential (Q-o-Q) basis, the 50-city index registered an expansion of 1.9 per cent in January-March 2025.
The index has shown an increasing trend on Q-o-Q basis since Sep-21. The index recorded sequential increase in 43 cities out of 50 cities with Navi Mumbai recording the highest sequential increase of 17.3 per cent, followed by Bhubaneshwar (8.5 per cent), Gurugram (7.5 per cent) and Noida (7.0 per cent), while Raipur recorded maximum sequential decrease of 2.6 per cent in the HPI @ Assessment Price.
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