<p>Housing prices have declined 2-9 per cent across eight cities in April due to the nationwide lockdown which affected the demand badly, according to real estate portal Magicbricks.</p>.<p>The decrease has been recorded against the price levels of the previous month.</p>.<p>Magicbricks.com is owned by Magicbricks Realty Services, which is a subsidiary of Times Internet, the digital arm of the Times of India Group.</p>.<p>In its latest report, Magicbricks has analysed the price changes within the month of lockdown and observed that "the prices have decreased by 2-9 per cent across cities".</p>.<p>Eight Tier-I cities witnessed an average price decline of around 4 per cent during the lockdown (March 15 to April 15), it added. </p>.<p>The prices are of primary and secondary markets being quoted by the sellers on its website.</p>.<p>"Magicbricks research analysis suggests that prices have rationalised in most of the cities and reached the same level as they were one year back," the report said.</p>.<p>As per the data, prices declined 9 per cent in Hyderabad, 5 per cent in Bengaluru, 4 per cent each in Kolkata and Chennai, 3 per cent in Delhi-NCR, and 2 per cent each in Mumbai and Pune.</p>.<p>Magicbricks 'COVID-19 Property Buyer Sentiment Survey' found out that one out of three home buyers want to drop or keep on hold their property buying decision.</p>.<p>However, a large majority of 67 per cent are still planning to go ahead with their investment although with a reduced budget, it said.</p>
<p>Housing prices have declined 2-9 per cent across eight cities in April due to the nationwide lockdown which affected the demand badly, according to real estate portal Magicbricks.</p>.<p>The decrease has been recorded against the price levels of the previous month.</p>.<p>Magicbricks.com is owned by Magicbricks Realty Services, which is a subsidiary of Times Internet, the digital arm of the Times of India Group.</p>.<p>In its latest report, Magicbricks has analysed the price changes within the month of lockdown and observed that "the prices have decreased by 2-9 per cent across cities".</p>.<p>Eight Tier-I cities witnessed an average price decline of around 4 per cent during the lockdown (March 15 to April 15), it added. </p>.<p>The prices are of primary and secondary markets being quoted by the sellers on its website.</p>.<p>"Magicbricks research analysis suggests that prices have rationalised in most of the cities and reached the same level as they were one year back," the report said.</p>.<p>As per the data, prices declined 9 per cent in Hyderabad, 5 per cent in Bengaluru, 4 per cent each in Kolkata and Chennai, 3 per cent in Delhi-NCR, and 2 per cent each in Mumbai and Pune.</p>.<p>Magicbricks 'COVID-19 Property Buyer Sentiment Survey' found out that one out of three home buyers want to drop or keep on hold their property buying decision.</p>.<p>However, a large majority of 67 per cent are still planning to go ahead with their investment although with a reduced budget, it said.</p>