Nagpur has recorded the fastest rise in housing prices among 18 major cities tracked by the Reserve Bank of India. According to the RBI’s Housing Price Index (HPI) for the third quarter of 2025-26, the city’s index has climbed to 138.24, overtaking established markets like Mumbai (105.90) and Pune (112.41).
What makes this significant is how the RBI calculates its index. The HPI is based on actual property transactions recorded through stamp duty registrations not just advertised rates.
The growth has been sharp and steady. In 2022-23, Nagpur’s index stood at around 98. In just three years, it has jumped by more than 40 points, signalling a strong rise in residential property values and consistent buyer demand.
Industry experts link this to major infrastructure upgrades, better connectivity, and rising investor confidence. Large-scale projects and improved transport networks have reshaped the city’s appeal. At the same time, Nagpur continues to offer homes at prices far lower than Mumbai or Pune, attracting both first-time buyers and investors looking for better returns.
With official RBI data backing the trend, Nagpur is no longer just an emerging market. It's becoming one of India’s most powerful real estate market.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.