Good tidings for homebuyers

Major realty markets in correction mode Homebuyers reeling under the burden of rising prices of homes can breathe easy as market trends have hinted at correction in the major residential markets in the country. According to market watchers, the prices of property in cities like Mumbai and Delhi are softening. According to the property index presented by property portal makaan.com the prices in these two cities are either stabilising or depreciating. While Mumbai price index has seen a 2.4 per cent decrease in the month of December and a 7.8 per cent in the past quarter, there has been a depreciation of 3.6 per on annualised basis. The Delhi property

Major realty markets in correction mode Homebuyers reeling under the burden of rising prices of homes can breathe easy as market trends have hinted at correction in the major residential markets in the country. According to market watchers, the prices of property in cities like Mumbai and Delhi are softening. According to the property index presented by property portal makaan.com the prices in these two cities are either stabilising or depreciating. While Mumbai price index has seen a 2.4 per cent decrease in the month of December and a 7.8 per cent in the past quarter, there has been a depreciation of 3.6 per on annualised basis. The Delhi property

[via India Properties – Real Estate India – Indian Property News Site]

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