[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shubham Pundir |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to
share with you which is as under mentioned.
Residential sales across tier I cities witnessed a marginal dip in sales in the
first quarter of FY20. However new launches was were up across the top cities
during the same period.
The property sales across top eight cities was recorded at 69,485 units in June
quarter (Q1 FY 19-20) exhibiting a meagre decline of 212 units as compared to
Q1 FY 18-19, when the sales was 69,689 units, said Liases Foras.
According to the report, five out of eight tier I cities witnessed an increase in sales over last year same quarter. Maximum growth was observed in Hyderabad (33%) followed by Kolkata (25%) while maximum dip was witnessed in NCR (-19%). “Around 54% of the sales of this quarter were contributed by sub-50 lac segment. Growth in the segment is supported by the various government schemes and initiatives," said Pankaj Kapoor MD Liases Foras.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/residential-sales-sees-marginal-dip-but-launches-up-across-top-cities/articleshow/70641941.cms
Kamagroup Pvt. Ltd.
Have a nice day.