[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir staff |
of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share
with you which is as under mentioned.
Slack demand, huge inventories and stringent regulations have kept home prices
low across major Indian cities, says the latest report for the first half of 2019 by
real estate research firm Knight Frank.
• Price: Rs 7,115 per ft/ Rs 76,591 per m
• 12-Month price change: -3%
• 6-Month price change: -1%
• Unsold units: 1,36,525
• year change: 14%
• Age of inventory (QTRS): 15.5
• Quarters needed to sell this: 8.5
Despite the highest prices in the country and RERA rollout in Maharashtra,
Mumbai saw a surge in new launches in the past one year. The inventory has
risen and it will take more than two years to clear if sales continue at the
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/property-prices-have-fallen-slightly-in-most-major-indian-cities-in-past-one-year-report/articleshow/70203447.cms
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