Money & Banking

Moderate growth in house prices in April-June

Our Bureau Mumbai | Updated on October 28, 2013 Published on October 28, 2013

The housing prices have moderated in the April-June period this fiscal year compared with the January to March quarter, according to an RBI report.

“The quarter-on-quarter growth in the Reserve Bank of India’s house price index (with base year: 2010-11) at the all-India level was lower at 0.89 per cent in the first quarter of 2013-14 (latest available quarter) compared with 2.46 per cent in the previous quarter.”

The increase was the highest for Lucknow (4.66 per cent), followed by Ahmedabad (4.47 per cent) and Kochi (2.28 per cent).

Kanpur has seen de-growth in the housing prices by 9.35 per cent in the April to June quarter compared with de-growth of 2.11 per cent in the previous quarter. The growth in house prices has more or less remained stable in major cities such as Mumbai (0.28 per cent), Delhi (0.79 per cent), Chennai (0.61) and Bangalore (0.23 per cent).

Consumer Price Index includes housing for which inflation is in double-digit.

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Published on October 28, 2013
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