NEW DELHI: According to the latest data from the National Housing Bank (NHB), 45 out of 50 cities experienced a rise in property prices during the first quarter of 2025-26.
“Among the 50 cities monitored, five reported a decline in property prices year-on-year. Howrah saw the largest drop at 6.1%, followed by Kochi at 5.5% and Thiruvananthapuram at 4.8%,” stated the NHB RESIDEX residential housing price index released on Thursday.
The 50-city Housing Price Index (HPI), which is based on property valuation from banks and housing finance firms, revealed an annual increase of 5.7% during this quarter, down from 6.6% in the same period last year.
Notably, key primary residential markets experienced price appreciation between April and June 2025. Ahmedabad properties appreciated by 6.8%, while Bengaluru’s rose by 9.1%, and Chennai’s increased by 7%.
Additionally, property prices in Hyderabad (2.3%), Kolkata (6.8%), Mumbai (5.2%), and Pune (6%) also increased according to the NHB Housing Price Index. However, the index for Delhi remained stable compared to Q1 FY25.
On a quarterly basis, the index across 50 cities saw a 0.5% growth in the April-June period, maintaining an upward trend since September 2021.
Meanwhile, home loan interest rates saw a decline of 100 basis points in February 2025.
