Property Prices Decline in Select Micromarkets Despite Overall Growth

In some parts of big cities, the prices of houses have gone down, even though prices in the cities overall are going up.

This is happening because developers are building smaller apartments and selling them for less money.

For example, in Worli, Mumbai, prices dropped a lot, even though people were still buying houses there.

In Gurgaon and Hyderabad, prices in specific areas also went down.

Experts believe that changes in the types of homes being built and adjustments in the market are the main reasons.