Housing prices drop 7% in nine major cities in January-March
Apr 20, 2018, 12:57 PM IST
Home prices came under pressure in the last quarter after developers cut property rates to boost their sluggish sales, according to real estate research and analytics firm PropEquity.
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Unsold stock fell 2% to over 5.95 lakh units during March quarter.
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Over 6.08 lakh units were unsold in December quarter.
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12% rise in housing sales in Mumbai to 4,197 units.
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45% jump in housing sales in Bengaluru to 8,349 units.
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Chennai saw 71% rise to 3,101 units.