House within the Choice
02 / May
The year began with a bang for the Property sector. It seemed as if the property rates would defy the law of gravity forever, as buyers didn’t seem to mind paying a fortune to acquire huge houses with modern amenities. However, thanks to the economic slowdown, the picture has not been rosy since the second half of the year.
According to real estate analysts, prices of property have already come down by 20-25% in smaller cities, and there have been price corrections in certain pockets in metros too. “Developers are reducing prices in their individual capacity already. People who have acquired land at lower prices have already cut their prices and getting good response from prospective buyers.
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