The all-India Housing Price Index (HPI) has exhibited a positive growth of 5.5% in first quarter of 2016-17. This, incidentally, is the best growth rate in the last 14 quarters. Kochi has seen its index grow the most by 17.6% on a quarter-on-quarter basis. The index of Lucknow has grown by nearly 241% in the last five years.
The Reserve Bank of India (RBI) compiles the HPI for a select 10 cities on a quarterly basis based on the official property price transaction data provided by the revenue departments of the respective states. The all-India HPI is the weighted average of city indices with weights based on the proportion of the population.