New Delhi: For months experts have been saying you’d see a 20 to 30 per cent drop in the property prices but it’s been elusive until now. However, in December 2008 figures (sourced from Knight Frank India Property Consultants) tell us a story of falling prices in the metropolises.
In Mumbai, properties prices in Goregaon to Borivili were pegged at Rs 9,000 per square foot in September 2008 as against Rs 6,500 in December 2008. Some central areas in Bangalore and Hyderabad have also witnessed tremendous drop in prices.
In December 2008, properties at Indira Nagar, Bangalore were pegged at 5,150 per square foot as against Rs 7,750 in September 2008. Indeed, there’s finally been a fall in prices in other cities as well.
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