Why India was spared a covid real-estate bubble3 min read . Updated: 05 Sep 2022, 08:47 AM IST
- India did not see a real estate crash though prices in the sector have stagnated after 2015
The Reserve Bank of India (RBI) published the House Price Index (HPI) data last week. Home prices during the June quarter rose by 3.45% from a year earlier, according to the index. HPI tracks housing prices across 10 cities in India and, like all averages, it hides more than it reveals. Nonetheless, it is an important metric to make sense of things at a macro level.
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