Question : The all-India HPI contracted by (-)0.2 per cent on a sequential basis (q-o-q), largely due to decline in the house prices in —
(a) Delhi and Bengaluru
(b) Ahmedabad and Jaipur
(c) both (a) and (b)
(d) none of the above
Answer : (c)
Related facts
Context
- The Reserve Bank of India (RBI) released its quarterly house price index (HPI) for the fourth quarter of 2019-20.
- It is based on transaction level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai).
- The HPI is calculated on base year 2010-11.
Highlights
- The all-India HPI contracted by (-)0.2 per cent on a sequential basis (q-o-q), largely due to decline in the house prices in Delhi, Bengaluru, Ahmedabad and Jaipur; Mumbai recorded the highest sequential rise.
- On an annual basis (y-o-y), however, the all-India HPI increased by 3.9 per cent in Q4:2019-20 from 3.0 per cent in the previous quarter and 3.6 per cent a year ago: it varied widely across cities and ranged from 22.6 per cent (in Jaipur) to (-)13.8 per cent (in Kochi).
By : Pankaj Pandey
Link:
https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50024