new delhi the average housing prices rose by 87 per cent in apriljune quarter across ten major cities of the country over the yearago period according to rbi however the growth in prices has moderated over the previous quarter when the annual growth was 104 per cent the reserve bank of india today released the housing price index hpi for the first quarter of this fiscal it is based on transaction data received from housing registration authorities in 10 cities mumbai delhi chennai kochi kolkata bengaluru lucknow ahmedabad jaipur and kanpur the allindia hpi recorded growth of 87 per cent on annual basis ie q1201718 over q1201617 as against 104 per cent observed in the previous quarter and 73 per cent a year ago rbi said in a statement barring chennai and kochi the rbi said all other cities recorded a rise in housing price housing prices rose maximum by 182 per cent in kanpur while the maximum fall of 112 per cent was witnessed in chennai indicating large divergences in citywise housing price movements on quarteron quarter basis the allindia housing index recorded an increase of 38 per cent with eight of the ten cities recording a rise in the latest quarter the statement said citywise large variance were observed in sequential terms with delhi recording the highest rise 94 per cent and kochi recording the maximum contraction 92 per cent the statement said