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Indian house prices to drop 5% in 2020 for first time in a decade: Poll

The Indian property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 350,000 in the world's second most populous country

Topics
Coronavirus | India house price | Lockdown

Indradip Ghosh | Reuters  |  Bengaluru 



housing
In India's two biggest cities, the financial capital Mumbai and the national capital Delhi, property prices were expected to plunge 7.3% and 7.0% this year

Indian house prices will fall for the first time in at least a decade this year and next as the pandemic leads to mass job losses and hammers demand and the economic outlook, a Reuters poll showed.

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First Published: Fri, June 19 2020. 12:08 IST

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