According to the Reserve Bank of India (RBI), India’s All-India House Price Index (HPI) registered a 3.1% year-on-year increase in Q4 FY25. The quarterly growth stood at 0.9%, with Kolkata leading the surge among major cities, while Kochi saw a decline in residential property prices.

Key Points:

• India’s overall House Price Index rose 3.1% in Q4 FY25 compared to the same period last year, matching the growth recorded in Q3 FY25.
• On a quarter-on-quarter basis, the index increased by 0.9%, reflecting steady demand in the housing market.
• Among the 10 major cities surveyed, Kolkata recorded the highest annual growth at 8.8%, while Kochi saw a decline of 2.3%.
• Other cities that witnessed quarterly growth included Bengaluru, Jaipur, Chennai, and Kolkata, indicating regional disparities in housing trends.
• The RBI emphasized the role of house price trends in influencing consumption, residential investment, and credit dynamics, making HPI a key input for economic policymaking.