House prices in India: RBI house price index (2013=100)
March, 13, 2023
India
House prices in India We use the Reserve Bank of India quarterly all-India index, which dates back to Q2 2013. 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
| Q1 | Q2 | Q3 | Q4 | |
| 2022 | -0.03 | -0.55 | -1.4 | -1.48 |
| 2021 | 4.8 | -3.61 | -0.76 | 2.34 |
| 2020 | -1.19 | 0.39 | -2.29 | -2.76 |
| 2019 | -1.94 | -4.02 | -1.98 | -6.31 |
| 2018 | -0.12 | -1.68 | -4.85 | -0.22 |
| 2017 | 3.82 | -2.38 | -5.16 | -1.67 |
| 2016 | 4 | 5.38 | 0.61 | 4.72 |
| 2015 | -8.25 | -7.14 | -4.52 | -0.7 |
| 2014 | 0.34 | -4.24 | -3.43 | -6.67 |
| 2013 | 1.16 | 0.03 |
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.