Key cities witness dip in prime residential prices in Mar 21 quarter

Bengaluru witnessed a fall of 2.7 per cent year-on-year (Y-o-Y) in prime residential prices during January-March 2021, leading to a fall in its ranking on the global list.

In New Delhi, the prices fell marginally by 0.2 per cent Y-o-Y to an average price of Rs 33,572 per sq ft in Q1 2021.

Mumbai's prime residential market registered a decline of 1.5 per cent Y-o-Y in the January-March quarter with an average price of Rs 63,758 per sq ft.

Shenzhen ranked 1st with 18.9 per cent annual change for the period Q1 2020 - Q1 2021.

New York was the weakest performing market and ranked 46th with a fall of 5.8 per cent in prices annually.