House Prices Rise 2.2% in Q2

The House Price Index (HPI) in India increased by 2.2% in the second quarter of 2025-26, which is slower than the 7% growth seen in the same period last year.

The RBI, which tracks these prices, changed the base year to 2022-23 from 2010-11.

Cities like Nagpur, Ghaziabad, and Chandigarh saw the biggest increases, while Kolkata, Chennai, Lucknow, and Hyderabad experienced declines.

In tier-2 cities, housing sales dropped by 4%, but the total sales value went up by 4%, showing that people are buying more expensive homes.

New home launches also fell by 10%.

In the top 7 cities, luxury homes priced above Rs1.5 crore saw a 40% price increase over the past three years, with Delhi-NCR leading the gains.

Affordable homes saw less price growth, and mid-to-premium homes had a 39% increase.

Overall, luxury homes are in high demand, making up nearly 30% of total sales in these cities.