Morgane Alvaro
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The Housing Price Index (HPI) tracks residential home prices and quantities across the eight largest cities in India. The indices are constructed using quarterly survey data collected by Housing.com and are available from 2017-present.
- What Is The House Price Index?
- How to Calculate Hpi?
- Trends in HPI
- Limitations
- Conclusion
- GeneratedCaptionsTabForHeroSec
A house is more than just an asset; it is also a long-term consumption good for households, providing shelter and other services.Households' perceived lifetime wealth is affected by changes in house prices, which influences their spending and borrowing decisions.The Reserve Bank of India publishes a quarterly house price index (HPI) for ten major cities:Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi.The base year for calculation of HPI is 2010-2011.First, the simple average price (per square meter) of housesin each category, classified as small, medium, and large, is calculated for each ward/administrative zone in each quarter based on floor...Second, the weights are determinedby the proportion of houses transacted in the three FSA categories within a ward/zone between April 2010 and March 2011.Price-relativesare then calculated for each quarter based on an average per square meter price for three FSA category houses in each ward/zone. The price relative is simply a ratio of the current p...Following that, the quarterly ward/zone weighted average pricerelatives are computed.The All-India HPI increased by 2.0% year on year (y-o-y)in Q1:2021-22, compared to 2.75% growth in the previous quarter and 2.8% a year ago; HPI growth varied widely across cities, ranging from +8....On a quarterly (q-o-q) basis, the all-India HPI increased by 0.5% in Q1:2021-22; however, the HPI decreased in Mumbai, Delhi, Chennai, Kanpur, and Lucknow, while it increased in the other five cities.The HPI presented here is based on registration price information.It is commonly assumed that registered house prices are generally understateddue to a variety of factors such as high registration fees and stamp duty, property tax obligations, and so on.The differences in the time gaps between actual transactions and registrationsdo not always follow a consistent pattern across states.In different states, property registrations take into account different criteria, such asHousing Price trends determine the growth of the construction sector. When the price of a house rises above the cost of construction, the value of the house rises relative to the cost of construction; thus, new construction is profitable when the price of the house rises above the cost of construction. They even influence bank lending rates and hen...
Learn about the meaning, calculation, and trends of the HPI, a quarterly report by RBI based on property price transactions in ten major cities. Find out the limitations, conclusion, and FAQs of the HPI for IAS exam preparation.
Feb 26, 2024 · All-India HPI increased by 3.8 per cent (y-o-y) in Q3:2023-24 compared to 3.5 per cent growth in the previous quarter and 2.8 per cent a year ago; annual HPI growth varied widely across the cities - ranging from a high of 8.4 per cent (Chennai) to a low of 0.6 per cent (Kochi).
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Aug 30, 2022 · All-India House Price Index (HPI) for Q1:2022-23. Today, the Reserve Bank released its quarterly house price index (HPI) 1 (base: 2010-11=100) for Q1:2022-23, based on transaction-level data received from the housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow
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.
May 31, 2022 · The All India House Price Index (HPI) rose 1.8 per cent in the fourth quarter of FY22 on an annual basis, according to data released by the Reserve Bank of India. However, the rise in the key index was slower compared to the January-March quarter of the preceding fiscal when it had recorded an increase of 2.7 per cent.
Aug 31, 2023 · The all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday. The RBI releases quarterly HPI based on transaction-level data received from the registration authorities in ten major cities.
