Property prices see steep fall in leading micromarkets

LAUNCH PRICES DOWN NEARLY 50% IN WORLI DURING APRIL-AUGUST

- RAGHAVENDRA KAMATH

THE PRICES OF residential properties in some of the leading micromarkets of the country are down up to nearly 50% even as the cities they are a part of are seeing a healthy appreciation.

According to the latest data by PropEquity, three out of five prime micro markets in top cities have seen a fall in their residential prices during the April-August period this year.

Experts attribute the fall to the shrinking size of the apartments as developers are opting for lower ticket prices compared to last year.