Housing sales fall by 1% in top eight Indian cities
Housing sales have gone down marginally by 1% in eight major cities of India, falling to 28,131 units during January-March as compared to the previous quarter.
This indicates at the demand for housing units slowly recovering from the impact of
During the previous October- December quarter, housing sales stood at 28,472 units in Gurugram, Noida, Mumbai, Kolkata, Hyderabad, Bengaluru, Pune and Chennai, as per data from the
The report adds that launches of new homes fell 19.46% in the Q4 of 2017 to stand at 22,897 units from 28,428 units in the Q3 of 2016.
"Overall the fall in demand and new launches of residential projects slowed down in the Q1 as impact of demonetisation on the real estate sector tapered down faster than the expectations," PropEquity said.
Talking of prices, housing prices declined by 1.67% to Rs 6,185 per sq ft as against Rs 6,290 per sq ft during the period under review.
The report is hopeful about the coming months, saying that the housing supply would slowly pick up.
(Image source)

Indian delegation leaves for Aus for consumer protection project

As a financial adviser and coach I've helped about 50 different people with their money, and I saw too many make the same mistake

If Mike Bloomberg wants to move on from 'stop and frisk,' he should put his money where his mouth is

Amul raises milk prices by Rs 2/litre

How IgnitionOne, an adtech company that holding company Dentsu bought for $275 million, wound up selling in a fire sale
What is citizenship bill and how does it affect religious freedom in India?
India is slowing down so fast that even experts can’t keep up
Meet the 33-year-old Chennai techie who spotted Vikram Lander on Moon’s surface and alerted NASA
Raghuram Rajan's warning about Mudra loans last year may be coming true
Microsoft’s four-day work week idea will be good for Indians— but there is a lot to be fixed before that
Dues, death and an investigation — all that went wrong with OYO hotels in the last 6 months
Three wise men who exited Vodafone India just in time to make millions
SAIF Partners invested in Swiggy when they just had a landing page – today they are going after more seed stage startups, here’s why
SIGN IN WITH
FacebookGoogleEmail