We have seen in last year that the developers in Mumbai were ready to strike the price of apartments by around 25%. This was due to the fact that the unsold completed flats and apartments reached a massive number ranging more than 10k units in the city. And the same situation was reflected in case of thrissur real estate. Many of the builders in trichur found it difficult to ensure buyers for their flats and apartments.
The slowdown of economic growth and a general increase in prices and fall in the purchasing value of money caused a loss of demand for residential properties in India. But experts states that the industry will be back with a visible growth by the middle of 2018. The residential prices are expected to rise around 10 to 12 percentage by this year as per financial experts and this is surely going to effect the flats in trichur also.