2024, Vol. 5, Issue 2, Part F
Macroeconomic Determinants of Housing Price Index: An Empirical Analysis of India
Author(s): Dr. Ritu Suri, Dr. Sucheta Gauba and Dr. A Porchelvi
Abstract: Investment in real estate is treated as one of the most rewarding portfolio choices and many driving forces are aligned with the planning for it. The study attempts to measure the influence of select macroeconomic factors on housing price Index (HPI) for Indian economy. Reserve Bank of India and St. Louis Federal Reserve economic databases have been used to obtain the quarterly frequency data of House price index, real GDP, inflation and real effective exchange rate from 2010-11 Q1 to 2023-24 Q2 and analysed by using ARDL Bound test approach. The results of the study exhibit that the HPI in India is significantly affected by select macroeconomic variables, viz., Gross Domestic Product, inflation rate and real effective exchange rate. Findings of the study has positive inferences for the potential investors and government policies with respect to the housing sector.
Pages: 499-504 | Views: 41 | Downloads: 23
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How to cite this article:
Dr. Ritu Suri, Dr. Sucheta Gauba, Dr. A Porchelvi. Macroeconomic Determinants of Housing Price Index: An Empirical Analysis of India. Asian J Manage Commerce 2024;5(2):499-504.
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