Will property prices drop?

The Maharashtra government has repealed the three-decade-old Urban Land Ceiling and Regulation Act. The repeal of the ULCRA will free up more land available for development.

While the ULCRA repeal will not see prices fall immediately, the new supply will ensure that prices stabilise in cities like Mumbai, Thane, Pune, Nasik, Nagpur, Sangli, Solapur and Kolhapur.

What do you think about the spiraling realty prices? What do you think about this move?

Will property prices drop? Tell us your views!