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Housing prices up 6.7 per cent, volumes rise: RBI

Business

Housing prices in the country saw an increase of 6.7 per cent on a q-o-q basis in Q1 of the current fiscal year, according to the macroeconomic and monetary developments report released by RBI yesterday. Volumes increased by 6.4 per cent (q-o-q) during the same quarter.

On a y-o-y basis, housing prices were up by 24.1 per cent and transaction volumes increased by 9.3 per cent.

Kolkatta saw the highest q-o-q increase of 28.9 per cent in housing prices, followed by Chennai (14.5 per cent) and Delhi (11.3 per cent). The three cities also saw the highest decrease in transactions volumes with a drop of 23.6 percent in Kolkatta, 18.3 percent in Chennai and 10.8 per cent in Delhi. Mumbai saw the highest growth of 41.1 per cent in transaction volumes in the last quarter.

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