Housing prices trend: HPI growth slows to 2.2% in Q2; key metros pull index down

India’s housing prices grew at a slower pace in the second quarter of the fiscal, with the All-India House Price Index (HPI) rising 2.2% year-on-year, sharply lower than the 7% recorded a year ago, according to Reserve Bank of India data released on Thursday.The index, compiled quarterly from transaction-level data provided by registration authorities, has been updated with a new base year of 2022-23, replacing the earlier 2010-11 series, according to PTI.In its release, the RBI said cities such as Nagpur, Ghaziabad and Chandigarh contributed to the annual uptick.Quarterly dip reflects softer prices in major hubsThe HPI eased from 113.4 to 112.7 between Q1 and Q2 of FY26, driven by declines in Kolkata, Chennai, Lucknow and Hyderabad. On a quarter-on-quarter basis, the index dropped 0.6%, with Kolkata, Chennai and Lucknow leading the fall.18 major cities mappedThe index tracks price movements in Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur, Kochi, Hyderabad, Thiruvananthapuram, Pune, Ghaziabad, Thane, Gautam Buddha Nagar, Chandigarh and Nagpur.