Buy house Good news for home buyers waiting for. After all, there is a break on the rise in the prices of homes. The price of the house is no longer increasing. According to the data from the Propopyer, the average prices of houses in Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Chennai and Pune remained stable in January-March compared to the previous quarter. According to the data, Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR), Chennai and Pune markets did not see any increase in average prices. It was Rs 12,600, Rs 8,106, Rs 7,173 and Rs 7,109 per sq ft respectively.
Why is the price not increasing?
Experts in the real estate sector say that the demand for property has been steadily declining for the last one year. If you look at the figures of the last 4 quarters, then you will see that sales have fallen every quarter. This decline is due to a huge increase in the price of the property. Common people are unable to buy their home because the price is out of their budget. The price of 2 BHK flat in NCR has crossed 1 crore. Homes are not being sold by this. Due to low demand for the house, there is a brake on the rising price in a manifold manner. This will continue this Senaero. If the demand in the market decreases, then the price reduction can also be seen. Many developers are offering discounts. Despite this, buyers are not coming because the price is quite high.
Minor increase in these cities
The average price in Ahmedabad increased from Rs 4,402 per sq ft to Rs 4,568. Prices in Bengaluru increased from Rs 7,536 per sq ft to Rs 7,881. The price of housing in Hyderabad increased from Rs 7,053 per sq ft to Rs 7,412 while in Kolkata from Rs 5,633 per sq ft to Rs 5,839.
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