The spotlight so far has been on the hit the rupee and the equity markets are taking. But real-estate prices have been impacted as well.
A report points out that of the 26 cities surveyed by the National Housing Bank (NHB), as many as 22 including Delhi, Mumbai, Pune, Bangalore and Chennai saw a drop in property prices during the April-June quarter, compared to the first quarter of this calendar year.
An all-round squeeze in liquidity and dearth of buyers have led to a fall in prices across the country.
Text: Shishir Asthana, Business Standard