Housing prices up 6.7% in Q1: RBI

On a year-on-year basis,the price increase has been recorded at 24.1 per cent,the report revealed.

The index takes into account price situations in nine cities – Mumbai,Delhi,Chennai,Bangalore,Ahmedabad,Lucknow,Kolkata,Jaipur and Kanpur,it said.

Housing prices in the financial capital grew at a tepid 3.1 per cent for the quarter ended June,while growth in Kolkata was the fastest,at 28.9 per cent,it said,adding Bangalore and Kanpur witnessed a fall.

Going by transaction volumes,there was a 6.4 per cent rise on a sequential basis,the quarterly index showed,while on a Y-o-Y basis it stood at 9.3 per cent,it said.