Good news! Residential projects getting cheaper in big cities

Zee Media Bureau

New Delhi: The new residential projects in big cities like Delhi NCR, Kolkata, Mumbai, Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad were launched at prices lower than the prices of projects unveiled one or two year ago.

It meant that the number of units sold in the first quarter of 2016 sold were aldo more compared to the slump year of 2015.

As per a Cushman & Wakefield  report, the new projects are cheaper than those unveiled one or two years ago, the survey, spanning eight major Indian cities.

While the sale in the affordable segment rose 35 percent, compared to 22 percent in 2015, the average introductory prices also declined across major cities. They dropped the most in Mumbai, over two years since 2014, followed by Pune, Delhi-NCR and Kolkata, said the report.