How have house prices changed in your city? -Varun B Krishnan

-The Hindu

Housing prices have increased in the first quarter of 2018-19 compared to the same period in 2017-18, according to the Reserve Bank of India's latest House Price Index (HPI) release.

HPI is an indicator of change in housing prices. This means that if the HPI has increased, house prices have increased on an average, and vice versa. It takes into account the average price of houses per square metre, size of houses, number of houses bought and sold and the population in that city. The RBI has calculated the index since 2010-11 for 10 cities across the country.

In annual terms, the HPI has shown the highest increase in Kochi (41.2%), while housing prices marginally went down in Delhi for the first time in eight years (-0.08%).

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