The newest residential housing value index (NHB RESIDEX) launched by Nationwide Housing Financial institution experiences an enhance in property costs throughout 48 cities throughout This autumn FY 2024-25.
The 50 metropolis HPI primarily based on valuation costs of properties collected from banks and housing finance firms (HPI @ Evaluation Costs) recorded an annual enhance (Y-o-Y) of 7.5 per cent throughout the 4th quarter of the fiscal 2025 as in contrast with 5.1 per cent a 12 months in the past. India’s eight key major residential markets witnessed appreciating property costs throughout the interval January-March 2025.
Ahmedabad (6.1 per cent), Bengaluru (13.1 per cent), Chennai (9.0 per cent), Delhi (2.9 per cent), Hyderabad (4.8 per cent), Kolkata (9.6 per cent), Mumbai (5.9 per cent) & Pune (6.8 per cent) recorded enhance within the index on an annual foundation as per the Housing Value Index revealed by the Nationwide Housing Financial institution. The annual change in HPI @ Evaluation.
Value diverse extensively throughout the cities – starting from a rise of 45.8 per cent (Navi- Mumbai) to a decline of three.5 per cent (Howrah).
Out of the 50 cities coated, 2 cities (Howrah & Thiruvananthapuram) registered a decline within the property costs. On a sequential (Q-o-Q) foundation, the 50-city index registered an growth of 1.9 per cent in January-March 2025.
The index has proven an rising pattern on Q-o-Q foundation since Sep-21. The index recorded sequential enhance in 43 cities out of fifty cities with Navi Mumbai recording the best sequential enhance of 17.3 per cent, adopted by Bhubaneshwar (8.5 per cent), Gurugram (7.5 per cent) and Noida (7.0 per cent), whereas Raipur recorded most sequential lower of two.6 per cent within the HPI @ Evaluation Value.
