Sunday, 30 March 2014

Prices in Delhi and Mumbai fell by 1.5 and 0.5 per cent respectively.

Weak sentiments owing to the slowdown in the economy seems to have finally taken a toll on the demand in the residential real estate sector as house prices for the quarter ended June 2013 softened across the country. According to the data released by National Housing Bank (NHB),22 out of 26 cities that are covered by the NHB Residex witnessed a fall in housing prices during the quarter ended June 2013,when compared with the previous quarter.

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