Prices fell in the first quarter of the calendar year 2018 in nine cities
There’s good news for homebuyers. Property prices witnessed a significant drop in the first quarter of the calendar year 2018 in nine cities: Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai. According to a report by PropEquity, a Gurgaon-based real estate data, research and analytics firm, “Weighted average prices in the quarter fell 7% from Rs6,762 per sq. ft to Rs6,260 per sq. ft, suggesting aggressive pricing (price reduction) by the developers to ignite homebuyers demand."