[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shashi kant shukla|
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to share
with you which is as mentioned under.
BENGALURU: Housing sales and new launches declined across top seven cities in the
country due to ongoing ‘shradh’ period - seen as inauspicious in many parts of the country
– coupled with the ban on the subvention schemes.
According to ANAROCK Research, residential sales in Q3 2019 saw a quarterly decline
of 18% across the top 7 cities - from 67,140 units in Q3 2018, with the sharpest fall seen
in Bengaluru and Hyderabad.
“The decline in new supply and housing sales in this quarter was expected as both
homebuyers and developers remained cautious and risk-averse. The slew of economy-
boosting measures by the government to spur growth across sectors will very likely give
the housing sector a leg-up in the festive season and the ensuing quarters, ” said
Chairman – ANAROCK Property Consultants.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-in-q3-of-2019-saw-a-quarterly-decline-of-18-across-top-7-cities-report/articleshow/71370762.cms
Kamagroup Pvt. Ltd.
Have a nice day.