Buying a house became expensive, property prices increased between July and September

Property Prices Going Up: If you are thinking of buying the house of your dreams, then you may be in for a shock. There is a jump in property prices in the country. According to the latest Home Price Index of RBI, these things have come to the fore. In the second quarter of the current financial year 2021-22, between July and September, there has been a jump in property prices in Mumbai, Kolkata, Chennai. Whereas in Delhi and Bangalore prices have come down during this period.

Rising property prices

According to the RBI’s All India Housing Price Index, there has been a growth of 2.6 percent in the July to September quarter as compared to the April to June quarter, as compared to the growth of 2 percent in the previous quarter. Whereas in the same quarter of last year, a growth of 1.1 percent was seen.

Conclusion based on data from 10 big cities

On the basis of the data received from the Registry Authority of ten big cities, RBI releases the house price index every quarter. The house price index (HPI) in Mumbai stood at 279.8 per cent in the second quarter of July to September this year as against 265.9 per cent in the same quarter last year. The price index in Kochi has reached 297.2 percent, which was 287.3 percent in the first quarter, ie a rise of 10 percent.

Prices have come down in Delhi

However, according to RBI’s house price index (HPI), there has been a decline in property prices in cities like Delhi, Bangalore and Ahmedabad. In Delhi, this index has come down from 315 in the first quarter to 299.3 in the second quarter as compared to 329.4 in the same quarter a year ago. In Bangalore, this index has come down from 333.7 in the first quarter to 313.2.

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