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real estate prices are falling – are there more discounts coming ?
date of writing : june 27 2020
in the last 4 months , due to covid 19 , there has been a slump in economic activity and a lot of businesses are sitting idle .
real estate , which depends on people having stable jobs and not expect to be laid off , has seen the sales flatten and the builders are reducing prices to find new buyers
so far , the major cities in india have reported around 20 % drop in prices – you can see the prices listed four months ago and the recently listed prices – there is a big drop in the price
some sites are 99acres.com , magicbricks.com
what remains to be seen is .. how much further will they fall if the slowdown continues …