The dip in the growth during the first quarter of 2019 is said to be attributed to the looming threat of a global trade war, uncertainty surrounding Brexit and the International Monetary Fund’s projection that 70% of world’s economies would see a slowdown in growth in 2019.
· The index increased by 1.3% in the year to Q1 2019, its lowest annual rate of growth since Q4 2009.
· Delhi secures a spot in top 10. Ranked at the 7th position, prime property price grows by 5.8% on 12-month and 4.4 % on 3-month basis
· City of Bengaluru witnesses a growth of 2% on 12-month and 0.8% on 3-month basis, stands at the 20th position on the Index
· Standing at the 31st rank, Mumbai registers a dismal growth by 0.6% on 12 month and 0.3% on 3-month basis, indicating a momentum in the affordable & mid-segment housing category.