Housing trends: All-India house price index up 3.6% in Q1, Nagpur and Chennai lead quarterly gains

The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same quarter last year, PTI reported. On a sequential quarter-on-quarter basis, the HPI was up 2 per cent in Q1:2025-26. Cities including Nagpur, Chandigarh, Chennai and Kochi recorded the highest gains during the quarter.The central bank released the HPI with a new base year of 2022-23, replacing the earlier 2010-11 series. “Eight new cities, viz., Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur, have been added to the existing 10 cities in the new series,” the RBI said. The other cities are Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, and Kochi.