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Mumbai, Delhi realty prices fell in Dec: Property Index

Posted on 23 January 2013

Realty prices in Mumbai fell by 2.4 percent in December followed by a minor drop of 0.9 percent in Delhi, an all-India property index showed. According to the Makaan.com Property Index (MPI), although the overall drop was not significant, there is a ray of hope that the present trend in Mumbai and Delhi NCR might continue due to an inventory overhang.
This is a welcome change for the home buyers who have been burdened by high property prices and home-loan interest rates. “The real estate market in Mumbai and Delhi NCR is undergoing a small correction in property prices,” said Aditya Verma, EVP and COO, Makaan.com, but cautioned that it was too early to say if this correction will continue………………………………………..Full Article: Source


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