RBI House Price Index Q4 2025-26: 4.2% Annual Rise Led by Nagpur, Jaipur, Chandigarh
India's All-India House Price Index rose to 115.9 in Q4 2025-26, a 4.2 per cent year-on-year increase. Nagpur, Jaipur, Chandigarh and Kanpur led the annual rise; Jaipur, Lucknow and Pune drove the quarterly gain.
The Reserve Bank of India released its All-India House Price Index for the fourth quarter of 2025-26 (January-March 2026) on 29 May 2026. The index, which uses 2022-23 as its base year and covers eighteen major cities, stood at 115.9 in Q4 2025-26, up marginally from 115.6 in the previous quarter. The quarter-on-quarter increase of 0.2 per cent was driven by housing price gains in Jaipur, Lucknow and Pune.
On a year-on-year basis the index expanded 4.2 per cent in Q4 2025-26, faster than the 3.8 per cent growth in the same quarter a year earlier. The annual acceleration was led by Nagpur, Jaipur, Chandigarh and Kanpur — Tier-2 cities where housing demand has caught up with sustained infrastructure investment and limited fresh supply.
The HPI is compiled using transaction-level data from state property registration authorities and is one of the few official indicators of residential price momentum in India. The eighteen cities covered are Mumbai, Delhi, Chennai, Kolkata, Bangalore, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.
Time-series data on the all-India and city-wise indices are publicly available on the RBI's Database on Indian Economy (DBIE) portal under Statistics → Real Sector → Prices & Wages. The HPI is widely used by the central bank to monitor asset-price trends alongside credit growth, by builders for pricing decisions and by households planning property purchases or sales.
Key Points to Remember
- RBI All-India HPI for Q4 2025-26 stands at 115.9 (base year 2022-23)
- Year-on-year growth: 4.2 per cent (up from 3.8 per cent a year earlier)
- Quarter-on-quarter growth: 0.2 per cent
- Annual rise led by Nagpur, Jaipur, Chandigarh, Kanpur
- Index covers 18 major cities, compiled from registration authority data
- Time series available on RBI DBIE portal
Exam Relevance
Relevant for UPSC Prelims (Economy — Indices), RBI Grade B (Real Sector), Banking exams, SSC General Awareness.
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