1. Home prices bottomed out? RBI house price index up

Home prices bottomed out? RBI house price index up

The quarterly House Price Index (HPI) released by RBI on Thursday said the all-India HPI increased to 221.7 in the third quarter 2015-16 from 218.2 in the second quarter of the financial year 2015-16.

By: | Mumbai | Updated: April 29, 2016 7:52 AM
RBI- P2P lending During October-December, the rate of increase fell below 10%. The previous low was seen in the third quarter of financial year 2013-14 when the rate of increase was 10.1%. (Reuters)

The quarterly House Price Index (HPI) released by Reserve Bank of India (RBI) on Thursday said the all-India HPI increased to 221.7 in the third quarter 2015-16 from 218.2 in the second quarter of the financial year 2015-16.

According to RBI, the annual year-on-year increase of all-India HPI moderated since the three months of April-June last year.

During October-December, the rate of increase fell below 10%. The previous low was seen in the third quarter of financial year 2013-14 when the rate of increase was 10.1%.

On an annual basis, Lucknow witnessed the highest increase of 16.1%, while HPI declined in Jaipur and the change was 5.2% y-o-y. Sequentially, HPI of Kochi increased by 8% while HPI for Bengaluru declined by 1%, RBI said in a statement.

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