[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
NEW DELHI: Housing sales fell 9 per cent during October-December across nine cities to 60,453 units due to economic slowdown and liquidity crisis, according to a report.
Housing brokerage firm PropTiger recently reported 30 per cent fall in sales in nine cities during October-December quarter. However, during 2019 calendar year, realty consultants Knight Frank India and Anarock mentioned that sales rose by one per cent and 5 per cent, respectively.
"The absorption witnessed a dip of 9 per cent as compared to the same period last year and new launches have dropped by 10 per cent on a year-on-year basis. The downtrend observed was mainly due to economic slowdown and liquidity crisis in the market," PropEquity said in its Q4 report. The nine cities tracked by PropEquity are Mumbai, Thane, Bengaluru, Kolkata, Chennai, Noida, Gurugram, Pune and Hyderabad.
Read more https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-down-9-new-supply-falls-10-in-oct-dec-report/articleshow/73516235.cms
Have a nice day.