India's housing market experienced a 4.2% increase in prices during January-March 2026, driven by demand in cities like Nagpur and Jaipur. The Reserve Bank of India's latest data shows significant urban growth compared to the previous year.
India's All India House Price Index (HPI) reported a 4.2% increase in housing prices during the January-March quarter of the fiscal year 2025-26. This marks a notable rise compared to 3.8% during the same quarter last year, according to data from the Reserve Bank of India.
The cities of Nagpur, Jaipur, Chandigarh, and Kanpur were significant contributors to this price increase. The index climbed to 115.9 in Q4 of 2025-26 from 115.6 in the previous quarter, showing a quarter-on-quarter growth rate of 0.2%, influenced by higher housing prices in Jaipur, Lucknow, and Pune.
The Reserve Bank of India compiles the House Price Index each quarter using data from registration authorities. The recent data, based on transactions from 18 major cities including Mumbai, Delhi, Chennai, and Kolkata, paints a comprehensive picture of India's real estate trends. The base year for this analysis is 2022-23.
(With inputs from agencies.)