Current Affairs

RBI data on Affordable Housing in Four Years

Current context: The house price-to-income ratio has increased in the last 4 years, as per the RBI’s quarterly Residential Asset Price Monitoring Survey
RBI data on Affordable Housing in Four Years
  • The survey shows that the house price-to-income ratio has increased from 56.1 in the 2015 March quarter to 61.5 in of 2019 March quarter
  • The price-to-income ratio is used by the lenders as a measure of purchasing power for home buyers and the affordability of residential property
  • A wide gap between home prices in the country and real income was found in the survey
  • Also, home prices remained stagnant in major cities like Mumbai and Delhi-NCR, due to slower growth in residential demand in the last 4 years
  • Bhubaneswar with a price-to-income ratio of 54.3 was found to be the most affordable city for home buying in the 2019 March quarter

Residential Asset Price Monitoring Survey (RAPMS)

  • RBI has been conducting a quarterly RAPMS since July 2010
  • The survey is conducted across 13 cities -Delhi, Bengaluru, Mumbai, Chennai, Hyderabad, Jaipur, Chandigarh, Kolkata, Pune, Bhopal, Ahmedabad, Lucknow, and Bhubaneswar

Question: 

Q.1 The RBI’s Residential Asset Price Monitoring Survey is conducted ______?
a. Biannually
b. Annually
c. Quarterly
d. Half-yearly

Q.2 As per the RBI’s Residential Asset Price Monitoring Survey, the house price-to-income ratio in the last 4 years has____?
a. Decreased
b. Increased
c. Stagnant
d. Drastically decreased
RBI data on Affordable Housing in Four Years RBI data on Affordable Housing in Four Years Reviewed by Neha on July 12, 2019 Rating: 5

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