New Delhi, 45 out of 50 cities recorded a rise in property prices during the first quarter of 2025-26, according to data released by the National Housing Bank (NHB).
“Out of the 50 cities covered, 5 cities recorded a decline in property prices on an annual basis. Howrah recorded the highest decline of 6.1 per cent, followed by Kochi (5.5 per cent) and Thiruvananthapuram (4.8 per cent),” said the latest residential housing price index NHB Residex released on Thursday.
The housing price index (HPI) of 50 cities, based on assessed values of properties collected from banks and housing finance companies, recorded an annual growth of 5.7 per cent during the first quarter of the current financial year, as against 6.6 per cent a year ago.
It said property prices in seven key primary residential markets witnessed an increase during April-June 2025.
Ahmedabad saw a 6.8 per cent increase in primary residential properties, while Bengaluru grew 9.1 per cent and Chennai grew 7 per cent.
Hyderabad (2.3 per cent), Kolkata (6.8 per cent), Mumbai (5.2 per cent) and Pune (6 per cent) recorded an increase in the index on an annual basis, while for Delhi, the index remained almost at the same level as in the first quarter of FY25, according to the Housing Price Index published by the National Housing Bank.
On a quarter-on-quarter basis, the 50-city index recorded a 0.5 per cent increase in the April-June period. The index has seen an increase on a quarter-on-quarter basis since September 2021.
Meanwhile, the interest rate on home loans was reduced by 100 basis points in February 2025.
