With Covid-19 taking a toll on residential property markets around the world as sales volumes tumble, the prime residential market of Mumbai is expected to see a price fall of 5 per cent this year.
According to Knight Frank’s Prime Global Residential Forecast, in 2021 Mumbai's prime residential market is expected to witness a price decline of 3 per cent.
In the first quarter of this year, Bengaluru's prime residential market performed better than Mumbai and Delhi.
Globally, the city ranks 27th with 1.4 per cent annual price change for the period Q1 2019 - Q1 2020.
According to Knight Frank’s Prime Global Residential Forecast, in 2021 Mumbai's prime residential market is expected to witness a price decline of 3 per cent.
In the first quarter of this year, Bengaluru's prime residential market performed better than Mumbai and Delhi.
Globally, the city ranks 27th with 1.4 per cent annual price change for the period Q1 2019 - Q1 2020.