Explanation:

Explanation: The Housing Price Indices (HPIs) are a broad measure of movement of residential property prices observed within a geographic boundary. NHB RESIDEX, India’s first official housing price index, was an initiative of the National Housing Bank (NHB) undertaken at the behest of the Ministry of Finance, Government  of India.

Statement 1: NHB is not computing the composite all India housing price index as of now. Currently, National Housing Bank is publishing NHB RESIDEX for 50 cities on quarterly basis with FY 2012-13 as base year. Among 50 cities covered are 18 State/UT capitals and 37 Smart Cities.

Statement 2: Initially, NHB RESIDEX was computed using market data, which 2010 onwards, was shifted to valuation data received from banks and housing finance companies (HFCs). Thereafter, data was sourced from Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI) from 2013 to 2015. Overtime, the base year has been revised to FY 2012-13 to ensure capturing the latest information and accurately reflect the current economic situation in the country.