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House prices in India: RBI house price index (Q2 2010=100)

India

House prices in India

We use the Reserve Bank of India quarterly all-India index, which dates back to Q2 2010. 

The National Housing Bank (NHB) also publishes a quarterly house price index for India called Residex. It is based on actual transaction prices, and covers house prices in many different regions of India.

House prices in India, % change 1 yr

Nominal and inflation-adjusted ('real')

India

Source: Reserve Bank of India


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
20201.13%-0.95%
2019-0.48%-3.14%0.26%-1.63%
20181.9%-0.42%-1.5%0.57%
20173.13%-0.7%1.37%-0.22%
20162.11%-3.45%3.96%2.26%
20154.39%3.1%-0.8%-0.53%
20143.42%1.89%0.58%2.52%
20134.49%-0.12%-2.62%2.38%
20124.41%3.23%2.69%1.11%
2011-2.19%6.49%4.72%1.19%
20103.43%

This table shows the change in house prices during a single quarter, adjusted for inflation.

Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.