Prices of houses reduced by 7% during July-September

Knight Frank India, a property consulting company, said the average prices of homes in the six major cities of the country declined by two to seven per cent during July-September. These cities are Delhi-NCR, Mumbai, Chennai, Pune, Kolkata and Ahmedabad are included.

However, the average house prices in Bangalore and Hyderabad rose by three and four per cent, respectively, compared to the year before.

Shitir Baijal, MD, Knight Frank India, said that the third quarter of 2020 saw a significant improvement in sales and launches. The developers’ focus is on cleaning up inventory. Home buyers are giving more preference to ready properties.