Housing prices drop in Delhi-NCR
Housing prices fell by one per cent in Delhi-NCR prices during April-June period over the previous quarter due to lower demand, according to a report by realty portal 99acres.com. The residential demand remained subdued despite massive price corrections in Delhi, Noida and Gurgaon, the report said. An inventory overhang of over 2,50,000 unsold flats continued denting developer sentiments. Over 30 per cent of the inventory is under-construction due to litigation and clearance troubles.
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