All-India House Price Index (HPI) annual recorded growth of 7.3 per cent on annual basis (i.e., Q2:2017-18 over Q2:2016-17) as against 8.7 per cent observed in the previous quarter and 7.7 per cent a year ago, according to data released by the RBI. The Reserve Bank released the quarterly house price index (HPI) (base: 2010-11=100) for Q2:2017-18, based on transactions data received from housing registration authorities in ten major cities (viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi). The All-India HPI recorded a sequential increase (i.e., Q2:2017-18 over Q1:2017-18) of 0.4 per cent, with six of the ten cities recording a rise in the latest quarter.
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Moody's places Yes Bank's ratings under review for downgrade.
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