Report card: How your investments fared in 2008
Report card: How your investments fared in 2008
The Suspense: Real Estate: The verdict on real estate is not yet out. The drama is still unfolding with the government adopting various means to force developers to cut prices.
However, prices do appear to be cooling off. Some key locations reveal:
South Mumbai: - 9 per cent
Central Mumbai: - 14.28 per cent
Noida: - 6 per cent
Greater Kailash (I and II): - 0.15 per cent
Chennai Ashoknagar: + 2 per cent
Kolkata Ballygunge: + 25 per cent
(Source: Knight Frank India Property Consultants; Rates between January and September 2008)
So among the metros, Mumbai and Delhi appear to have witnessed a correction in property prices.
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