IIT Bombay Report Defends Current Housing Index Methodology

IIT Bombay has released a report saying that the current way of collecting data for housing prices is good enough.

The government wants to change it to collect data every month from all houses, but IIT Bombay says this will cost more money and won't give much better information.

They think the current method, which collects data every six months from a smaller number of houses, is better.

The report also says that some of the proposed changes, like including rural areas and using older census data, could be helpful for making policies.

The current method is used to measure how much people spend on housing, which is a big part of the overall price index used to understand inflation.