From The Economic Times · PTI · · 1m 20s
Housing Sales Drop 6% in Jul-Sep Across Top 9 Cities
Housing sales fell 6% to 1.03 lakh units in July-September across nine major cities due to slow demand.
In brief
Housing sales fell 6% to 1.03 lakh units in July-September across nine major cities due to slow demand. Housing sales dropped 6% to 1.03 lakh units in July-September across nine major cities as demand slowed. Originally reported by The Economic Times.
Housing Sales Drop 6% in Jul-Sep
Housing sales fell 6 per cent to 1.03 lakh units in the july-september quarter across nine major cities, mainly due to subdued demand and lower fresh supply of homes.
New Supply Falls to 98,165 Units
New supply fell to 98,165 units from 1,00,330 units during the period under review.
Cities Show Divergent Trends
Bengaluru sales rose 1 per cent to 17,340 units, while hyderabad climbed 11 per cent to 15,470 units, and mumbai saw a 8 per cent drop to 9,830 units.
Regional Sales Decline
Thane saw an 11 per cent decline in sales to 16,230 units, pune fell 16 per cent to 17,860 units, and delhi ncr slipped 12 per cent to 8,090 units.
Kolkata and Chennai Sales Drop
Chennai sales dropped 17 per cent to 4,680 units, and kolkata witnessed a 17 per cent fall in sales to 3,860 units.
PropEquity CEO Notes Market Trends
Samir Jasuja, founder and ceo of prop equity, said tier 1 cities continue to hover around the 1 lakh quarterly mark for new supply and sales of residential properties.
The big picture
Housing sales dropped 6% to 1.03 lakh units in July-September across nine major cities as demand slowed.
