Why in News ? According to Knight Frank’s Global House Price Index for Q1 2021, India has moved down by 12 spots in global home price index because property price in India has declined amid covid-19 pandemic. About: This year, India has been ranked at 55th position while during Q1 2020, India was ranked at 43rd position in terms of property prices. Key Findings of index Home prices in India decreased by 1.6 percent on a year-on-year basis. In terms of changes in 6-month (Q3 2020-Q1 2021) and 3-month (Q4 2020-Q1 2021), residential prices have increased by 0.6 percent and 1.4....Read More
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