The proposed changes in the Housing Index compilation methodology, including coverage of rural areas and exclusion of employer provided dwellings, will remove statistical distortions and discrepancies in the housing sector , economists said.

The Ministry of Statistics and Programme Implementation (MoSPI) has recently proposed various changes in the methodology for compilation of housing index in the revised Consumer Price Index (CPI) series to make it more robust and representative. According to the government, the base year for the new CPI series will be 2024.

The exclusion of employer-provided concessional dwellings will remove statistical distortions and make the housing index better reflect actual changes in the market, Vivek Kumar, Economist at QuantEco Research said. “The CPI

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