Which Indian city saw the highest increase in property prices over the last 5 years? Find out

coindiancitiesThe RBI House Price Index shows that home prices have risen steadily over the years. The data shows that quarterly price movements have been quite volatile. Here are other findings.

Home prices have risen steadily over the years
Property prices have appreciated over longer terms, even as short-term growth has been sluggish.

inrealestate

All India index is a weighted average of city indices. Weights are based on the city population. India House Price Index is based on transactions in 10 major cities. Third quarter 2018-19 figures represent provisional indexes which will be finalised by next quarter. Source: RBI

  • Kochi saw the highest q-o-q price rise in the third quarter- 8.5%. Jaipur fared poorly as growth fell 3.1%.
  • Kochi also saw the highest annual price appreciation- 28.8%. Kanpur ranked the lowest as prices fell 6.5% over the past year.
  • Realty prices in Mumbai rose in the third quarter of 2018-19 compared to the previous quarters.
  • Mumbai, Delhi, Lucknow, Kanpur and Kochi have outperformed the national 5-year average.
  • While Bengaluru witnessed a marginal q-o-q fall (1.1%) in the third quarter, its one-year price rise (7.8%) was better than the all-India growth (4.7%).
  • On an y-o-y basis, all-India HPI recorded marginally slower growth of 4.66% in the third quarter of 2018-19, as against 5.7% in the second quarter.

All-India price growth (CAGR)
1 year: 4.66%
3 years: 6.72%
5 years: 9.3%

Mumbai: Greenshoots visible

inmumbai

Growth in prices (CAGR)
1 year: 3.46%
3 years: 8.43%
5 years: 9.85%

Delhi: Bouncing back

indelhi

Growth in prices (CAGR)
1 year: 3.31%
3 years: 4.94%
5 years: 10.43%

Bengaluru: Consistent growth

inbenga

Growth in prices (CAGR)
1 year: 7.80%
3 years: 5.71%
5 years: 7.51%

Ahmedabad: Moderate expectations

inahmed

Growth in prices (CAGR)
1 year: 1.79%
3 years: 8.04%
5 years: 8.66%

Lucknow: Strongly positioned

inluck

Growth in prices (CAGR)
1 year: 6.41%
3 years: 10.07%
5 years: 13.1%

Kolkata: Turnaround likely

inkolkata

Growth in prices (CAGR)
1 year: 3.39%
3 years: 5.35%
5 years: 9.27%

Chennai: On a strong wicket

inchennai

Growth in prices (CAGR)
1 year: 13.78%
3 years: 6.80%
5 years: 7.21%

Jaipur: Feeling the blues

injaipur

Growth in prices (CAGR)
1 year: 2.28%
3 years: 3.93%
5 years: 3.72%

Kanpur: In serious trouble

inkanpur

Growth in prices (CAGR)
1 year: -6.57%
3 years: 6.57%
5 years: 11.29%

Kochi: Stellar performance

inkochi

Growth in prices (CAGR)
1 year: 28.84%
3 years: 17.31%
5 years: 9.49%

[“source=economictimes.indiatimes.”]

Author: Loki