Property index shows decline in Mumbai, Delhi realty prices
New-Delhi- A recent report by an all-India property index stated that the realty prices in Mumbai and Delhi fell by 2.4 percent and 0.9 percent in December.
As per another real estate expert, although there has not been a significant drop in property prices, the current trend in cities like Mumbai and Delhi-NCR might continue based on the overhang of the inventory.
On the other hand, this drop is a welcome change for the realty market in Mumbai and Delhi-NCR due to the correction in price changes. However, it is unsure if this correction will stay the same for long.
Perhaps any sort of correction will prove to be beneficial and should be accepted wholeheartedly as it will encourage the amateurs to progress in the realty market.
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