Home prices in Mumbai softened in the December quarter while price growth in other Indian cities slowed, two real estate consultancy firms have said, reinforcing speculation that a correction in the housing market could be round the corner.
According to property consultancy CBRE, prices of new homes in India's financial capital Mumbai were down 2-5% in the October-December period from the previous quarter. Liases Foras, another property research firm, said prices in the city had dropped 1%. Both said that the rate at which prices were growing in the other cities, too, had come down significantly...............................................Full Article: Source
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