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All-India House Price Index rose by 3.5% in Q1 of 2022-2023

All-India House Price Index rose by 3.5% in Q1 of 2022-2023: The all-India house price index (HPI) increased by 3.5% year over year, during the first quarter of 2022–2023 according to information made public by the Reserve Bank of India. The HPI increased by 1.8% between January and March and by 2% between April and June of 2021–22.

According to the RBI, there were significant differences in the year-over-year movements of the HPI among the cities, ranging from a growth of 16% in Kolkata to a contraction of 4% in Bengaluru.

September 2022: Current Affairs Quiz

In the first quarter of 2022–2023, the all-India HPI climbed by 2.2% sequentially.The indicator sequentially decreased in Delhi, Kolkata, and Jaipur, while it increased in all other cities.

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