Home sales decline by 6 percent
Headline by Prism · from 1 report
Residential property sales across nine major Indian cities declined by 6 percent during the July to September quarter compared to the same period last year.
1 of 32 monitored outlets · 1 report · Kannada · checked
PrajavaniThe brief
Written by software from the 1 report below.
- Residential property sales in nine major Indian cities dropped to 1.03 lakh units during the third quarter.
- The decrease in sales is attributed to lower market demand and a reduction in new housing project launches.
- Economic uncertainties at the global level have also contributed to dampened buyer interest.
- Developers typically reduce new project launches during the monsoon season due to reduced demand.
- Anticipation of festive season shopping is expected to drive higher sales and increased supply in the final quarter of the year.
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1 outlet
Indian-language1
All filed from India
NamedIndia · Bengaluru · Chennai · Delhi-NCR · Hyderabad · Kolkata · Mumbai · Navi Mumbai · Pune · Thane · PropEquity
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