Mid segment flats saw launch prices fall 4-20% in key metro markets in 2015

At last, some good news for home-buyers. Launch prices for mid-segment new residential projects witnessed 4-20 per cent drop in 2015 in select micro markets of Mumbai, National Capital Region and Bengaluru. The biggest decline of 20 per cent in Average Weighted Basic Sale Price was registered in Goregaon suburb of Mumbai where the per sq ft rate averaged at Rs 10,500 in 2015, showed a report by Cushman & Wakefield.

The property consultant has compared average 2015 launch prices in these micro markets with average weighted basic sale price over the last 2 years.

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