House price index rises 3.1 percent in Q4 FY25: RBI data
Jun 20, 2025 09:26 PM IST
Mumbai, Jun 20 (PTI) All-India House Price Index (HPI) increased by 3.1 per cent annually in the January-March quarter of 2024-25 compared to 3.1 per cent growth in the previous quarter and 4.1 per cent a year ago, the Reserve Bank said on June 20. All-India House Price Index (HPI) increased by 3.1 per cent annually in the January-March quarter of 2024-25, RBI has said (Representational photo)
The Reserve Bank has released its quarterly house price index (HPI) for Q4 2024-25, based on transaction-level data received from the registration authorities in ten major cities.
The annual HPI growth varied widely across the cities - ranging from high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi).
On a sequential (q-o-q) basis, all-India HPI increased by 0.9 per cent in Q4 2024-25.
Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter.
The ten cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
38 minutes ago
- Economic Times
UAE rule, wary I-T to deter dodgy crypto deals
Mumbai: In the lane to launder money, the skill to move cryptos to control companies and properties in Dubai has been honed over the past few years. But treading that alley would soon become tougher. Dual, albeit unrelated, developments in India and the UAE would force money movers to devise new tricks. First, Income tax (I-T) officials, hunting for illicit homes of Indians over the past six months, now strongly suspect that some property purchases were made with cryptocurrencies; second, a new regulatory regime in the Middle East country, would soon end payment in cryptos, other than stable coins, to freely buy goods and services. "When Indian residents use crypto to purchase real estate, they bypass Indian banking channels and FEMA scrutiny. But, under the new UAE regulations (expected from August), merchants would no longer accept crypto directly. Only entities licensed by the UAE Central Bank would be allowed to convert stablecoins to AED after collecting full KYC. While this framework ensures the buyer's identity is recorded, it remains unclear whether such data would be shared under the India-UAE tax treaty," said Purushottam Anand, founder of the law firm Crypto raiding a leading UAE developer having roots in Mumbai and clients across India, a northern office of the I-T department found that more than 460 buyers in the 650-odd property deals have no record of having remitted money through banks to acquire the properties. According to findings which were shared with other I-T centres two months ago, the arm of the UAE realtor which brokered the deals was aided by a network of 86 sub-brokers who later shared details with the tax office. According to tax circles, some of the clients had paid in cryptos, probably under the belief it would go untraced. Earlier this year, the department had found that hundreds of mule accounts were opened by a few persons in Kerala to deposit cash, use the money to buy cryptos -either on local platforms or through peer-to-peer transactions-and then move the coins to other wallets before encashing the them in UAE, or buying assets like properties, or transferring them to third parties. "When digital assets move from exchanges to P2P platforms or private wallets, monitoring becomes difficult, creating opportunities for illegal activities such as ransomware attacks, laundering, tax evasion, and potentially terrorist financing. Although the exchanges are required to report 'suspicious transactions', including withdrawals, with the Financial Intelligence Unit-India, such risks can be further addressed through stricter enforcement of TDS provisions, i.e. Sections 194S or 195, ensuring tax compliance for all crypto transactions, whether conducted on or off exchanges. Additionally, specifying the reporting entities and the format for disclosures under Section 285BAA will improve traceability," said Ashish Karundia, founder of the CA firm Ashish Karundia & Co. 'PAYMENT TOKEN REGULATIONS' The new 'Payment Token Services Regulation' lays down the rules and conditions established by the UAE Central Bank for granting a licence or registration for payment token services-which include payment token issuance, token conversion, and token custody and transfer. Under the rules no merchant or anyone in the UAE selling goods or services can accept a virtual asset unless it's a dirham payment token issued by a licensed issuer. Also, a bank cannot act as a payment token issuer. UAE is working on Dirham-linked stable coin (like USDT or Tether which is pegged to the dollar)."This would have implications for India which has close economic and financial ties with the UAE. By bringing digital assets such as payment tokens under a structured licensing and anti-money laundering framework, the regulation adds a layer of safety and transparency to cross-border digital financial flows. For Indian individuals and businesses engaging in the UAE's digital economy, on one hand this means greater clarity, reduced risk of fraud, and alignment with global best practices; on the other hand, the clear prohibition on anonymous crypto instruments like privacy tokens reinforces the global trend toward traceable and regulated digital transactions. This is something India is also actively pursuing through its own financial intelligence mechanisms. This would deter transactions in property, high value luxury products bought by Indians in UAE using crypto tokens," said Siddharth Banwat, partner at CA firm Banwat & Associates dealers said the UAE rules are not entirely fool-proof as coins can be routed through platforms in multiple jurisdictions whose cooperation would be vital to spot the trail. But the very presence of licensed intermediaries collecting and storing information would deter money movers.
The Print
an hour ago
- The Print
Cameras at Delhi pumps detect 4.9 lakh ‘overaged' vehicles, 25 lakh without PUCC
Following directions from the Commission for Air Quality Management (CAQM), 500 out of 520 fuel stations in Delhi have installed Automated Number Plate Recognition (ANPR) cameras. Of the total, 4.9 lakh were overage or end-of-life (EOL) vehicles — diesel vehicles older than 10 years and petrol vehicles older than 15 years — which are highly polluting. New Delhi, Jun 20 (PTI) Around 30 lakh out of 3.6 crore vehicles checked through a new system installed at fuel stations in Delhi were found without valid Pollution Under Control Certificates (PUCC), leading to fines worth Rs 168 crore, officials said on Friday. These cameras will help stop the sale of fuel to overage vehicles from July 1 by detecting them. Once identified, the system will alert the command centre and enforcement teams from the traffic and transport departments, who may then take action, including impounding the vehicles. 'The installation of cameras began in December. Since then, 3.6 crore vehicles have been screened. Among them, 4.9 lakh were EOL vehicles, and 25.92 lakh were running without valid PUCCs. This led to fines worth Rs 168 crore,' Virinder Sharma, Member (Technical), CAQM, said. The system will be extended to five high-vehicle-density districts near Delhi – Gurugram, Faridabad, Ghaziabad, Gautam Budh Nagar and Sonipat – starting November 1. Camera installation in these areas will be completed by October 31. CAQM officials made it clear that the rule applies to all EOL vehicles, regardless of where they are registered in India. 'Our directions do not say that only vehicles registered in Delhi will be denied fuel. Vehicles from outside Delhi-NCR also operate here and add to pollution. Some Delhi residents are registering vehicles in other states to avoid rules, and this must be discouraged,' Sharma said. He added that EOL buses from any part of India will also be tracked through this system. Separate guidelines will be issued to limit their movement in Delhi-NCR. To support enforcement, 100 teams made up of traffic and transport officials have been formed. Fuel stations found breaking the rules will face strict action under the law, Sharma said. CAQM stated that Delhi alone has 62 lakh EOL vehicles, including 41 lakh two-wheelers. The total number of EOL vehicles in the entire NCR is around 44 lakh, with most located in the five high-density districts mentioned earlier. The ANPR system is connected to the national VAHAN database, which helps identify overage vehicles and also those without valid pollution certificates. Fuel stations are required to refuse fuel to such vehicles from the dates specified. PTI GVS VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Print
an hour ago
- The Print
UP cabinet approves ‘green policy' to drive ecological turnaround
Under the initiative, a 'Green City Monitoring System' will be developed to evaluate and award 'Green Star' ratings to cities based on their environmental efforts and green infrastructure. The Urban Green Policy was proposed by the Urban Development Department and will be conducted in three phases. Lucknow, Jun 20 (PTI) The Uttar Pradesh Cabinet has approved a policy aimed at promoting sustainable and eco-friendly growth in urban local bodies by setting up parks and gardens and using eco-friendly materials. To reduce the impact of climate change in urban areas, the development of vertical gardens, rooftop gardens, and Miyawaki forests will be promoted. It will be implemented through a three-level approach, beginning with the city, then neighbourhood, and finally at the building level, the statement read. At the city level, dense mini-forests will be created using the Miyawaki method, making green spaces grow quickly. At the building level, new constructions will be required to meet green building standards, focusing on eco-friendly materials, energy-saving technologies, and green roofs. In the first phase, 2025-2027, the policy focus will be on smart cities and major metro areas. In the second phase, 2027-2030, it will include cities with a population of over one lakh, while the third phase, after 2030, will cover all municipalities and nagar panchayats. PTI CDN VN VN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
