Mumbai, Aug 31 (PTI) The all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

The RBI releases quarterly HPI based on transaction-level data received from the registration authorities in ten major cities.

Also Read | G20 Summit 2023 in Delhi: From Date to Theme and Objectives to Significance, Here's All You Need to Know as India Presides Over Group of 20 Conference.

The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

"All India HPI growth (y-o-y) inched up to 5.1 per cent in Q1:2023-24 from 4.6 per cent in the previous quarter and 3.4 per cent a year ago; annual growth in HPI varied widely across the cities - ranging from the high growth of 14.9 per cent (Delhi) to a contraction of 6.6 per cent (Kolkata)," the RBI said.

Also Read | US Military Plans to Unleash Thousands of Autonomous War Robots Over Next Two Years.

On a sequential (quarter-on-quarter) basis, all-India HPI increased by 2.6 per cent in Q1:2023-24; eight of the 10 cities witnessed housing registration price increase vis-a-vis the previous quarter.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)