[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m ShubhamPundir |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news
to share with you which is as under mentioned.
Housing sales fell 11 per cent in April-June 2019-20 across nine major cities
to nearly 72,000 units but demand is expected to rise due to additional tax
sops in the Budget for affordable homes and political stability at the Centre,
as per a report. New housing supply fell 47 per cent to 37,852 units in nine
cities due to liquidity crunch and general elections, the report by News
Corp-backed property brokerage firm PropTiger said.
The nine cities covered in the report are Ahmedabad, Bengaluru, Chennai,
Gurugram, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Noida
"While we saw a decline in both sales and launches in Q1 FY'20, the outlook
is optimistic going forward. A stable government at the Centre and a Union
Budget that announced several favourable measures for the residential real
estate sector are likely to act as catalysts," said Dhruv Agarwala, Group CEO
of PropTiger, Housing.com and Makaan.com.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-down-11-per-cent-in-q1-demand-to-rise-on-tax-sops-proptiger/articleshow/70328929.cms
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