A report released by the National Housing Bank (NHB) for the quarter January - March 2017, indicated
towards the low in property prices in Ludhiana. According to the report, the prices fell down by 7.8%
compared to the last month of previous year.
Property prices also saw a fall in Kolkata, Delhi as well as Surat earlier this year.
The main facet of the fall of prices is considered to be demonetization.