House Price Index Rise by 3.5 percent in India for Q1 Of 2022-23

Source: Google

Reserve Bank of India Released reports of Quarter 1 of 2022-23 which shows pricing index for homes in India and there was 3.5 hike 

This index is prepared from transection history of house aggrement done in particular Quarter in 10 Major cities in Country 

The 10 Major cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai

Large scale variation is observed from this years results as Kolkata saw a 16 per cent growth, Bengaluru registered a 4 per cent contraction

Will all this effect you ? Yes It will definately effect you because it will increase cost of living for every individual 

On other hand it will benefit Real estate business, State Government and Home loan Companies


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