The Reserve Bank of India All India HPI growth (y-o-y) inched up to 4.6 per cent in Q4:2022-23 from 2.8 per cent in the previous quarter and 1.8 per cent a year ago; the y-o-y movements in HPI varied widely across the cities - ranging from a growth of 16.3 per cent (Bengaluru) to a contraction of 8.5 per cent (Jaipur). On a sequential (q-o-q) basis, all India HPI increased by 0.6 per cent in Q4:2022-23, showing sequential increase in seven of the cities. The Reserve Bank quarterly house price index (HPI)1 (base: 2010-11=100) for Q4:2022-23, is based on transaction-level data received from the registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai).

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