Graph and download economic data for Real Residential Property Prices for India (QINR628BIS) from Q1 2009 to Q4 2024 about India, residential, HPI, housing, real, price index, indexes, and price.

Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for India (QINN628BIS) from Q1 2009 to Q4 2024 about India, residential, HPI, housing, price index, indexes, and price.

India's residential house prices - quarterly and annual changes in house prices across cities, expert analysis and comparison with global peers.

House price index in India, December, 2024 The most recent value is 338.12 index points as of Q4 2024, an increase compared to the previous value of 336.81 index points. Historically, the average for India from Q1 2009 to Q4 2024 is 230.7 index points. The minimum of 78.57 index points was recorded in Q1 2009, while the maximum of 338.12 index points was reached in Q4 2024. | TheGlobalEconomy.com

Key information about India Gold Production

• India Real Residential Property Price Index was reported at 152.986 2010=100 in Sep 2024.
• This records a decrease from the previous number of 157.301 2010=100 for Jun 2024.
• India Real Residential Property Price Index data is updated quarterly, averaging 157.919 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 177.067 2010=100 in Jun 2019 and a record low of 88.901 2010=100 in Mar 2009.
• India Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

The Housing Price Index in India is a statistical measure designed to reflect the changes in housing prices across various regions. It is calculated by the Reserve Bank of India (RBI) using data from housing transactions, which include registration documents and mortgage data from banks and housing finance companies. The HPI is constructed using a base year, and the price levels of that base year are set at 100. Changes in the index from the base year reflect how housing prices have increased or decreased. The Reserve Bank compiles quarterly house price index (HPI) (base: 2010-11=100) for ten major cities, viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi. Based on these city indices, the average house price index represents all of India's house price movements. The Housing Price Index (HPI) is a critical economic indicator that measures the changes in residential housing prices over time. In India, the HPI is an essential tool used by policymakers, economists, real estate developers, investors, and homebuyers to gauge the trends in the real estate market. The HPI helps track the inflation or deflation in the housing market, thus providing insights into the economy's overall health.

The dataset contains year-, quarter- and city-wise data on the Housing Price Index in Indian and among its various cities such as Ahmedabad, Bangalore, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, etc.

Key information about India Nominal Residential Property Price Index

• India Nominal Residential Property Price Index was reported at 336.805 2010=100 in Sep 2024.
• This records a decrease from the previous number of 336.994 2010=100 for Jun 2024.
• India Nominal Residential Property Price Index data is updated quarterly, averaging 251.244 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 336.994 2010=100 in Jun 2024 and a record low of 78.574 2010=100 in Mar 2009.
• India Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

[COVID-19-IMPACT]

House prices in Mumbai, India, have increased significantly since 2017. The housing price index tracks changes in residential home prices since 2017. In ************, the index stood at ***** index points, suggesting an increase of over ** since the baseline year. Overall, prices experienced the strongest growth in 2023.

Key information about House Prices Growth

• India house prices grew 2.6% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Sep 2024, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

CEIC calculates House Prices Growth from quarterly House Price Index. National Housing Bank provides House Price Index with base 2017-2018=100. House Prices Growth covers Mumbai only. House Prices Growth prior to Q2 2014 is calculated from House Price Index with base 2007=100.

Residential Property Prices in India increased 3.10 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for India Residential Property Prices.

Housing Price Index: 2008-09Q4=100: All India data was reported at 211.200 2008-09Q4=100 in Mar 2013. This records an increase from the previous number of 206.800 2008-09Q4=100 for Dec 2012. Housing Price Index: 2008-09Q4=100: All India data is updated quarterly, averaging 141.700 2008-09Q4=100 from Mar 2009 (Median) to Mar 2013, with 17 observations. The data reached an all-time high of 211.200 2008-09Q4=100 in Mar 2013 and a record low of 100.000 2008-09Q4=100 in Mar 2009. Housing Price Index: 2008-09Q4=100: All India data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. Rebased from 2008-09Q4=100 to 2010-11Q1=100. Replacement series ID: 354942767

During financial year 2025, the consumer price index (CPI) for urban housing decreased to *** percent from *** percent compared to the preceding financial year. However, the CPI was still lower than index value in 2020.

RBI: Housing Price Index: 2010-11Q1=100: All India data was reported at 323.255 2010-2011=100 in Dec 2024. This records an increase from the previous number of 322.000 2010-2011=100 for Sep 2024. RBI: Housing Price Index: 2010-11Q1=100: All India data is updated quarterly, averaging 252.358 2010-2011=100 from Jun 2010 (Median) to Dec 2024, with 59 observations. The data reached an all-time high of 323.255 2010-2011=100 in Dec 2024 and a record low of 94.240 2010-2011=100 in Jun 2010. RBI: Housing Price Index: 2010-11Q1=100: All India data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. [COVID-19-IMPACT]

India IN: House Price Index: Nominal: sa data was reported at 149.020 2015=100 in Dec 2024. This records a decrease from the previous number of 149.115 2015=100 for Sep 2024. India IN: House Price Index: Nominal: sa data is updated quarterly, averaging 111.391 2015=100 from Mar 2009 (Median) to Dec 2024, with 64 observations. The data reached an all-time high of 149.115 2015=100 in Sep 2024 and a record low of 34.745 2015=100 in Mar 2009. India IN: House Price Index: Nominal: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Quarterly. Urban areas - 10 main cities; Seasonnally adjusted by OECD, using the X-12 ARIMA method; Residential property prices, sales of newly-built and existing dwellings, all types of dwellings The source for recent figures is same as the OECD Residential Property Price Indices (RPPIs) - Headline indicators database. Sales

Get data of Housing Price Index of India and Major Cities. the House Price Index (HPI) provides an analytical tool for estimating changes in the rates of mortgage defaults, prepayments and housing affordability.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

India Housing Price Index: 2008-09Q4=100: Mumbai data was reported at 248.600 2008-09Q4=100 in Mar 2013. This records an increase from the previous number of 248.500 2008-09Q4=100 for Dec 2012. India Housing Price Index: 2008-09Q4=100: Mumbai data is updated quarterly, averaging 96.850 2008-09Q4=100 from Jun 2003 (Median) to Mar 2013, with 40 observations. The data reached an all-time high of 248.600 2008-09Q4=100 in Mar 2013 and a record low of 52.900 2008-09Q4=100 in Dec 2003. India Housing Price Index: 2008-09Q4=100: Mumbai data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. Rebased from 2008-09Q4=100 to 2010-11Q1=100. Replacement series ID: 354942667

In the first half of 2023, south-central Mumbai had the highest average real estate price rate of around 35.6 thousand Indian rupees per square foot in the Mumbai metropolitan region. Peripheral central suburbs recorded the cheapest property rates.

Mumbai’s real estate market

India’s financial capital, Mumbai’s increasing population, rapid urbanization, and employment opportunities have contributed to skyrocketing property rates in the city. Its real estate market is the most expensive in India. Since the onset of the pandemic, the demand for larger units has been on the rise. In 2023, the realty market saw a surge, especially in luxury and high-end properties catering to the affluent of the city.

New metro connectivity with suburbs

As per realtors, the inauguration of new metro lines connecting the suburbs of Mumbai will provide enhanced connectivity, ease of traveling, and reduced travel time. As a result, a rise in homebuying sentiment in the city, especially in the western suburban areas is expected. The area is considered to be one of the most preferred home-buying destinations in Mumbai with Bollywood actors, non-resident Indians, and industrialists vying for properties.