House Price Index (HPI) — India Dashboard
Chennai leads the HPI index at 643 (base 2007=100), indicating a 543% appreciation since 2007. Mumbai follows at 418, showing 318% appreciation. Nagpur has shown the fastest growth over the last 12 quarters at +23.2%. Kochi has the lowest HPI at 143, but still shows +14.6% growth over the same period.
Chennai and Mumbai show the strongest price appreciation with HPIs of 643 and 418 respectively. The mid-tier cities (Pune, Faridabad, Delhi) have also shown consistent growth. Emerging cities like Nagpur and Raipur are showing faster growth rates as demand expands beyond the major metros.
Nagpur (+23.2%), Indore (+22.5%), and Raipur (+20.7%) are the fastest-growing cities over the last 12 quarters, reflecting the real estate boom in central India. Chandigarh (+8.5%) and Ahmedabad (+10.3%) show the slowest growth, likely due to higher base prices and supply constraints.
The HPI distribution shows 12 cities with HPI > 300, indicating significant price appreciation since 2007. Chennai (643), Mumbai (418), and Pune (451) are the most expensive markets. The data reveals a clear correlation between HPI levels and growth rates, with mid-priced cities showing the fastest growth.
| City | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chennai | 539 | 544 | 552 | 563 | 572 | 580 | 582 | 592 | 605 | 618 | 628 | 643 | +19.3% |
| Pune | 382 | 387 | 392 | 396 | 401 | 404 | 411 | 415 | 422 | 429 | 436 | 451 | +18.1% |
| Mumbai | 353 | 359 | 367 | 370 | 377 | 383 | 386 | 393 | 396 | 401 | 406 | 418 | +18.4% |
| Faridabad | 327 | 333 | 339 | 343 | 346 | 350 | 355 | 358 | 362 | 367 | 374 | 380 | +16.2% |
| Delhi | 296 | 302 | 306 | 311 | 316 | 320 | 324 | 327 | 333 | 337 | 343 | 347 | +17.2% |
| Bhopal | 351 | 354 | 360 | 360 | 365 | 367 | 372 | 374 | 375 | 379 | 384 | 397 | +13.1% |
| Indore | 284 | 287 | 292 | 296 | 301 | 305 | 307 | 311 | 316 | 320 | 325 | 334 | +17.6% |
| Kolkata | 310 | 313 | 318 | 323 | 328 | 334 | 341 | 345 | 349 | 353 | 361 | 370 | +19.4% |
| Ahmedabad | 316 | 320 | 324 | 327 | 329 | 330 | 335 | 339 | 343 | 347 | 350 | 354 | +12.0% |
| Chandigarh | 271 | 275 | 278 | 279 | 282 | 285 | 286 | 288 | 292 | 294 | 294 | 294 | +8.5% |
| Dehradun | 283 | 287 | 292 | 296 | 298 | 301 | 306 | 313 | 319 | 322 | 321 | 326 | +15.2% |
| Nagpur | 274 | 278 | 284 | 288 | 290 | 292 | 295 | 299 | 303 | 307 | 310 | 323 | +17.9% |
| Raipur | 258 | 261 | 264 | 267 | 270 | 273 | 278 | 281 | 285 | 291 | 296 | 303 | +17.4% |
| Lucknow | 291 | 296 | 299 | 304 | 308 | 313 | 318 | 321 | 326 | 330 | 332 | 333 | +14.4% |
| Surat | 245 | 249 | 252 | 257 | 261 | 264 | 266 | 271 | 270 | 274 | 278 | 289 | +18.0% |
| Ludhiana | 222 | 225 | 228 | 229 | 231 | 233 | 235 | 238 | 241 | 244 | 248 | 253 | +14.0% |
| Vijayawada | 251 | 255 | 258 | 262 | 268 | 270 | 274 | 278 | 282 | 283 | 285 | 287 | +14.3% |
| Jaipur | 151 | 153 | 156 | 158 | 161 | 164 | 166 | 168 | 170 | 172 | 175 | 176 | +16.6% |
| Coimbatore | 273 | 278 | 281 | 287 | 291 | 297 | 301 | 307 | 312 | 317 | 321 | 324 | +18.7% |
| Meerut | 241 | 246 | 250 | 251 | 255 | 257 | 262 | 264 | 265 | 271 | 274 | 280 | +16.2% |
| Hyderabad | 139 | 140 | 142 | 143 | 145 | 145 | 147 | 149 | 151 | 153 | 154 | 160 | +15.1% |
| Patna | 244 | 246 | 248 | 249 | 252 | 252 | 254 | 256 | 258 | 261 | 263 | 270 | +10.7% |
| Bhubaneswar | 276 | 280 | 284 | 288 | 291 | 295 | 298 | 303 | 306 | 311 | 316 | 318 | +15.2% |
| Guwahati | 248 | 249 | 252 | 257 | 259 | 264 | 264 | 267 | 270 | 274 | 277 | 283 | +14.1% |
| Kochi | 125 | 126 | 127 | 129 | 131 | 133 | 134 | 136 | 137 | 139 | 140 | 143 | +14.4% |
| Bengaluru | 173 | 175 | 176 | 178 | 180 | 184 | 188 | 189 | 192 | 194 | 196 | 196 | +13.3% |
The House Price Index data reveals significant variation across Indian cities. Chennai leads with HPI of 643 (543% appreciation since 2007), while Kochi has the lowest at 143. Mumbai and Pune show strong appreciation at 418 and 451 respectively. The data highlights the growing real estate market in emerging cities like Nagpur and Raipur, which are showing faster growth rates than traditional metros.