Property prices continued their upward momentum in most Indian cities during the first quarter of FY 2025-26, with 45 out of 50 cities recording an annual rise, according to the latest NHB RESIDEX data.

The 50-city Housing Price Index, released by the National Housing Bank (NHB) on Thursday, showed a 5.7% year-on-year increase in April–June 2025, compared with 6.6% in the same period last year.

The 50-city Housing Price Index (HPI), based on valuation prices of properties collected from banks and housing finance companies, recorded an annual increase of 5.7 per cent during the first quarter of the current fiscal compared to 6.6 per cent a year ago, it added.

Seven key primary residential markets witnessed an appreciation in property prices during April-June 2025, it said.

Primary residential properties in Ahmedabad witnessed an increase of 6.8 per cent while those in Bengaluru rose by 9.1 per cent, and in Chennai by 7 per cent.

Hyderabad (2.3 per cent), Kolkata (6.8 per cent), Mumbai (5.2 per cent) and Pune (6 per cent) recorded increase in the index on an annual basis whereas for Delhi, the index was around the same level as Q1 FY25 as per the Housing Price Index published by the National Housing Bank.

On a quarter-on-quarter basis, the 50-city index registered an expansion of 0.5 per cent in April-June period. The index has shown an increasing trend on the Q-o-Q basis since September 2021.

Meanwhile, the interest rate on home loans moderated by 100 basis points in February 2025.