Housing sales up 7% in 2018 in 9 major cities; new supply falls 22%: Report
NEW DELHI: Increased demand for flats that are ready to move in or nearing completion helped housing sales to rise by 7% during 2018 to nearly 2.15 lakh units across nine major cities, according to data analytic firm PropEquity.
New launches fell by 22% to 1.46 lakh units during 2018 against 1.87 lakh units in the previous year.
Higher sales and fall in new supply led to 10% decline in unsold stock at around 6 lakh units as on December 31, 2018.
The nine cities tracked by PropEquity are Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai.
Chaivaala - Vadnagar
PAID NEWS... always beware of the T0I* paid news over weekends.
Reply 7 0 Flag
Sandeep Mandal - Mumbai
The injury of DeMon and GST is not going to be healed in another 5 years
Reply 4 0 Flag
In years to come , people will buy ready to move properties and builders will see brunt of buyers as they were taken for ride for last many years. This journey (real estate business) is downward journey only.
Reply 3 0 Flag
Pkm - Lagos
Paid news.No one wants to purchase these days and are waiting for after the polls
Reply 2 0 Flag
such news are important for people on fense to accelerate housing sales. Great.....
Reply 1 1 Flag
housing sales up in the major cities this is a great
news for the infrastructure sector and for the economy also