Residential property prices fell most in Indian cities: Knight Frank Report

The Covid crisis hit the Indian residential real estate market more than it impacted other such markets worldwide. The latest report by Knight Frank shows, out of the top 150 global urban centres, Indian cities fared the worst when it comes to price rise over the year 2020. While the top 30 cities registered double digit price rise in end-2020, seven out of eight Indian cities in the list recorded fall in prices with Chennai ranking at the bottom. Only Hyderabad that recorded marginal increase in prices, gained due to influx of IT and ITES companies during the year.