Press Trust of India | Oct 24, 2016 23:35 IST
Housing prices increased by an average 7.3 per cent during the April-June period of this fiscal year in major cities after moderating for last four consecutive quarters, as per the Reserve Bank of India.
“All-India HPI (base 2010-11=100) has sequentially increased by 5.5 per cent to 231.1 in Q1 of 2016-17 from 219.1 in Q4 of 2015-16. All cities witnessed HPI increase in Q1 of 2016-17,” the RBI said in a statement.
The index recorded annual increase of 7.3 per cent in the first quarter of 2016-17 after moderation over four consecutive quarters from 17.5 per cent in the fourth quarter of 2014-15 to 3.3 per cent in the fourth quarter of 2015-16.