Property prices decline across top 8 cities in 2016
Friday, March 10, 2017, 3:44 PM
The average property prices declined steeply across top eight cities in the country, in 2016. Latest report from global property consultant Cushman & Wakefield said that ticket size of new launches across top eight cities saw an average decline of 14% year-on-year. Many developers are now recalibrating their market strategies, reducing effective cost of their property and restricting new launches to reduce their inventory.