Surge in Property Prices: 45 Out of 50 Cities See Rise

A report from the National Housing Bank reveals an increase in property prices in 45 out of 50 surveyed cities during the first quarter of 2025-26. The Housing Price Index saw a 5.7% annual rise, while interest rates on home loans dropped by 100 basis points in early 2025.

The National Housing Bank's latest data indicates that property prices increased in 45 out of 50 cities during the first quarter of 2025-26. This marks a significant trend in the housing market, showing a 5.7% annual increase compared to the previous year's 6.6% rise.

In the NHB RESIDEX report, Howrah, Kochi, and Thiruvananthapuram registered declines, with Howrah seeing the steepest drop at 6.1%. However, cities like Ahmedabad, Bengaluru, and Chennai witnessed notable appreciation, with Bengaluru leading at a 9.1% increase.

Despite regional fluctuations, the overall 50-city Housing Price Index grew by 0.5% on a quarter-on-quarter basis, continuing an upward trend since September 2021. Additionally, home loan interest rates decreased by 100 basis points in February 2025, potentially balancing the rising property prices.