Property costs rise in 48 of fifty cities in This autumn FY25: NHB report – OXBIG NEWS NETWORK-OxBig News Network

Property costs elevated in 48 out of fifty cities throughout the fourth quarter of the monetary 12 months 2024–25, in line with knowledge launched by the National Housing Bank (NHB). The NHB’s RESIDEX report revealed that solely Howrah and Thiruvananthapuram recorded a decline in property values among the many surveyed cities.The Housing Price Index (HPI), which tracks residential property valuation knowledge sourced from banks and housing finance corporations throughout 50 cities, registered a year-on-year enhance of seven.5 per cent in This autumn FY25, up from 5.1 per cent throughout the identical interval within the earlier 12 months. According to a PTI report, all eight main residential markets noticed worth appreciation throughout the January–March 2025 interval. NHB knowledge confirmed that Ahmedabad recorded an increase of 6.1 per cent, Bengaluru 13.1 per cent, Chennai 9 per cent, Delhi 2.9 per cent, Hyderabad 4.8 per cent, Kolkata 9.6 per cent, Mumbai 5.9 per cent and Pune 6.8 per cent.The 50-city index additionally recorded a quarterly progress of 1.9 per cent throughout January–March 2025, persevering with a constant development of quarter-on-quarter progress since September 2021.The property market was additional supported by a discount in dwelling mortgage rates of interest in February 2025, when the Reserve Bank of India (RBI) minimize the repo price by 25 foundation factors—its first price minimize in 5 years.