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India House Price Growth Slows to 3.6% in Q1FY27
House prices in India continued to rise during the first quarter of the 2026-27 financial year.
However, they rose more slowly than they did in the previous quarter.
Prices increased by 3.6% compared with the same period a year earlier.
The RBI’s housing index also rose 1.1% compared with the previous quarter.
Chandigarh, Lucknow and Thiruvananthapuram helped drive this quarterly increase.
Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram contributed strongly to the yearly increase.
The RBI measures prices using records of registered home sales.
Its index covers 18 major cities in India.
India’s annual house price growth slowed to 3.6% in Q1 2026-27 from 4.5% in the previous quarter.
The Reserve Bank of India’s All-India House Price Index reached 117.5, up 1.1% quarter-on-quarter.
The annual growth rate matched the 3.6% increase recorded in Q1 of the previous financial year.
Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram mainly contributed to annual house price growth.
The RBI index uses registered housing transactions across 18 major Indian cities and has 2022-23 as its base year.
- Who
- The Reserve Bank of India, which compiles the All-India House Price Index.
- What
- Annual house price growth moderated to 3.6% in Q1 2026-27, while the index rose 1.1% from the previous quarter.
- Where
- Across 18 major Indian cities covered by the RBI index.
- When
- The first quarter of financial year 2026-27.
- Why
- The annual growth rate eased from the previous quarter; the quarterly increase was mainly driven by Chandigarh, Lucknow and Thiruvananthapuram.
Key facts
- Annual growth
- 3.6% year-on-year in Q1 2026-27
- Previous-quarter annual growth
- 4.5% in Q4 2025-26
- Quarterly growth
- 1.1% from Q4 2025-26
- All-India HPI
- 117.5 in Q1 2026-27
- Index base year
- 2022-23
- Coverage
- 18 major cities
- Main annual contributors
- Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram
Quotes
Reserve Bank of India
India’s central bank and publisher of the All-India House Price Index
“The All India HPI increased by 1.1 per cent and stood at 117.5 in Q1:2026-27 compared to the previous quarter, primarily driven by an increase in the index for cities such as Chandigarh, Lucknow, and Thiruvananthapuram”
republicworld.com
“The HPI registered an annual growth of 3.6 per cent in Q1:2026-27, same as in Q1 of the previous year, mainly contributed by the cities such as Chandigarh, Jaipur, Kanpur, Lucknow and Thiruvananthapuram”
republicworld.com
Sources
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