On November 27, 2025, the Reserve Bank of India (RBI) released the All-India House Price Index (HPI) for Q2:2025-26, with the base year as 2022-23. The HPI is compiled quarterly based on transaction-level data from registration authorities, covering eighteen major cities. The HPI decreased from 113.4 in Q1:2025-26 to 112.7 in Q2:2025-26, due to declines in major cities like Kolkata, Chennai, Lucknow, and Hyderabad. All India HPI recorded an annual growth of 2.2% in Q2:2025-26, compared to 7.0% in the same quarter a year ago. Cities like Nagpur, Ghaziabad, and Chandigarh contributed to the rise in HPI. The index also saw a quarter-on-quarter decline of 0.6%, largely due to Kolkata, Chennai, and Lucknow. Time-series data is available on the Bank's DBIE portal (https://data.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages). The Deputy General Manager (Communications) is Ajit Prasad. The press release number is 2025-2026/1573. Contact information: website www.rbi.org.in, email helpdoc@rbi.org.in, Phone 022-2266 0502.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for compiling and releasing the All-India House Price Index (HPI).
All-India House Price Index (HPI): A quarterly index compiled by RBI based on transaction-level data, reflecting house price movements across major cities in India.
Indian economy (DBIE) portal: RBI's database on Indian economy; contains time series data on all-India and city-wise HPIs.
Kolkata: City for which the House Price Index is calculated.
Chennai: City for which the House Price Index is calculated.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
November 27, 2025
All-India House Price Index (HPI) Q2:2025-26
Reserve Bank of India (RBI) compiles the House Price Index (HPI) on quarterly basis
based on transaction-level data received from the registration authorities. Today, the
Reserve Bank released its HPI for Q2:2025-26 with base year as 2022-23, in eighteen
major cities1. Time series data on all-India and city-wise HPIs are available at the Bank’s
database on Indian economy (DBIE) portal (https://data.rbi.org.in/DBIE/#/dbie/home>
Statistics > Real Sector > Prices & Wages).
Highlights:
• The value of House Price Index declined from 113.4 to 112.7 in Q2:2025-26 as
compared to Q1:2025-26, owing to decrease of the index for major cities, viz., Kolkata,
Chennai, Lucknow and Hyderabad.
• All India HPI recorded an annual growth (y-o-y) of 2.2 per cent in Q2:2025-26 as
compared to 7.0 per cent registered in the corresponding quarter a year ago. The cities
like Nagpur, Ghaziabad, and Chandigarh contributed for the rise in HPI.
• On quarter on quarter basis, the index registered a decline of 0.6 per cent, contributed
largely by Kolkata, Chennai and Lucknow.
Ajit Prasad
Press Release: 2025-2026/1573 Deputy General Manager
(Communications)
1 The eighteen cities are Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi,
Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.