“All-India HPI recorded 2.0 per cent annual growth (y-o-y) in Q1:2021-22 as compared with 2.7 per cent growth in the previous quarter and 2.8 per cent a year ago,” the central bank said in a release.
The HPI growth varied widely across the cities. It ranged from an expansion of 8.8 per cent (Ahmedabad) to a contraction of (-) 5.1 per cent (Chennai).
On a sequential or quarter-on-quarter basis, the all-India HPI registered a 0.5 per cent growth in the April-June period of 2021-22.
Mumbai, Delhi, Chennai, Kanpur and Lucknow recorded a sequential decline in HPI, whereas it increased in the other five cities.