House rentals show slight increase in third quarter; details here
2 years, 2 months ago

House rentals show slight increase in third quarter; details here

Firstpost  

Average rents across India have risen by 5.2 per cent on a sequential basis for the quarter that ended on 30 September 2022, while aggregate demand and cumulative availability of rental properties declined by 3.9 per cent and nearly 10 per cent, respectively, in 13 Indian cities. Bengaluru witnessed an increase of 7.3 per cent in rents, Mumbai saw a 6.6 per cent increase, Greater Noida reported a 6.3 per cent rise and Hyderabad saw a 5.2 per cent jump. Delhi’s average rent rose by 3.1 per cent q-o-q, while demand reported a marginal decline of 2.6 per cent and supply reduced by 5.2 per cent in the same period. In Mumbai, average rents jumped by 6.6 per cent q-o-q, while demand fell by 5.1 per cent and supply by 11.8 per cent.

Supply Indian Demand Cent Quarter Rental  increase  quarter  cent  supply  slight  demand  rents  52  rental  rentals  saw  reported  house  details  units

History of this topic

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
3 days, 6 hours ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity
2 weeks, 5 days ago

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity

Live Mint  

New Delhi, Dec 5 The weighted average prices of housing projects launched across 23 tier-II cities during January-September this year increased up to 65 per cent, while rates fell in five cities, according to PropEquity. According to data compiled by real estate data analytic firm PropEquity, Jaipur saw the maximum 65 per cent rise in weighted average prices to ₹6,979 …

Ahmedabad Clocks The Highest Rental Returns As Property Prices Continue To Climb: Magicbricks
3 weeks, 6 days ago

Ahmedabad Clocks The Highest Rental Returns As Property Prices Continue To Climb: Magicbricks

ABP News  

The Indian rental market has seen a major increase in the average gross rental yield across major cities, a report compiled by Magicbricks revealed. The average rental returns in the country reached 3.62 per cent in 13 major cities, with Ahmedabad leading the list with the highest rental yield of 3.9 per cent, the survey revealed. The study found that …

Renting Crisis Grips Cities, Pushing Up Property Prices
1 month, 3 weeks ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown
1 month, 3 weeks ago

Mumbai Emerges As The Most Expensive Market, While Bengaluru and Delhi NCR See Slowdown

ABP News  

Rents for office spaces in major cities have soared past pre-pandemic levels, with Mumbai emerging as the most expensive market. The weighted average quoted office rental in Mumbai touched Rs 151.60 per square foot per month during the July-September quarter, up 6 per cent from 2019. However, industry experts expressed concerns regarding the slump in growth in certain key markets …

Bengaluru's Rental Housing Market Rejuvenates: Experts Say
2 months ago

Bengaluru's Rental Housing Market Rejuvenates: Experts Say

Hindustan Times  

Bengaluru's rental housing market returns to normalcy, with average rent per month increasing by 4% in 2024 compared to 2023. While the rate of increase has stabilized, it is still higher than pre-pandemic levels. The market is expected to see annual increases in rentals to the tune of 4-8%, while property prices are expected to register a rise of 5-10%. …

Housing inventory overhang at record low of 22 months in Q2 2024 as sales soar; Ahmedabad, Delhi-NCR top performers
2 months, 3 weeks ago

Housing inventory overhang at record low of 22 months in Q2 2024 as sales soar; Ahmedabad, Delhi-NCR top performers

Hindustan Times  

India’s residential real estate inventory overhang reached a record low of 22 months in the April-June period of 2024, down from 34 months in the same period last year, reflecting a healthier balance between supply and demand in the residential real estate market. Housing inventory overhang at historic low in Q2 2024; Ahmedabad, Delhi-NCR top performers In a quarterly report …

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand
2 months, 4 weeks ago

Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand

Hindustan Times  

The July-September quarter of 2024 recorded a 31% year-on-year growth in office leasing, pushing the tally to 17.3 million square feet across the top six cities, a report by property consultancy Colliers said on September 26. Office leasing up 31% annually to 17.3 mn sq ft across top six cities in Q3 2024; Bengaluru and Hyderabad drive demand Bengaluru and …

Rent versus buy: Average rental values increased more than capital values in Bengaluru, Pune, Kolkata and Chennai
3 months ago

Rent versus buy: Average rental values increased more than capital values in Bengaluru, Pune, Kolkata and Chennai

Hindustan Times  

In Bengaluru, Pune, Kolkata and Chennai, the average residential rental values rose more than the capital values between 2021-end to H1 2024. Bengaluru’s Sarjapur Road saw average monthly rental values increase by 67%, while capital values increased by 54%. At Thannisandra Main Road, the average rental values rose 56% while capital values appreciated 52%, it showed. In HITECH City, rental …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
3 months, 3 weeks ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report
3 months, 3 weeks ago

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report

Hindustan Times  

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30% Positive homebuyer sentiment and …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share
4 months, 3 weeks ago

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share

Hindustan Times  

Hyderabad’s high-end housing segment, comprising homes priced between ₹1-2 crore, has grown to account for almost half of the city’s residential sales and launches, a joint report by CBRE and CREDAI Telangana has said. High-end housing demand rises in Hyderabad; ₹ 1-2 crore units secure over 50% share According to the report, sales in the ₹1-2 crore segment, which held …

Luxury Housing Sales Up 40 PC in June Qtr
5 months ago

Luxury Housing Sales Up 40 PC in June Qtr

Deccan Chronicle  

Chennai: Luxury housing sales were up 40 per cent in the June quarter and 27 per cent in the first half of the calendar year. During the Apr-June’24 quarter, the luxury housing segment across the top cities registered a 40 per cent increase in sales. Luxury housing sales were up 27 per cent to 8500 units against 6700 units in …

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter
5 months, 1 week ago

Good news for tenants! Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter

Hindustan Times  

Bringing cheer to home tenants in Bengaluru, the city’s rental housing market saw an average price correction of 5-10% during the April-June quarter of the ongoing calendar year, local brokers told HT.com. Bengaluru’s rental housing market records 5-10% average price correction in April-June quarter of 2024, as per local brokers It should be noted that typically the second quarter of …

Hyderabad experiences decline in residential sales in Q2 2024: Report
5 months, 1 week ago

Hyderabad experiences decline in residential sales in Q2 2024: Report

The Hindu  

Hyderabad experienced a significant drop in new residential launches during the April-June quarter of 2024. A recent report by PropTiger.com revealed that the city recorded sales of 12,296 residential units in Q2 2024, a 14% decrease from Q1 2024, which saw 14,298 units sold. The report, titled ‘Real Insight Residential-April-June 2024,’ highlighted that housing sales across India’s eight prime residential …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 1 week ago

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units

Hindustan Times  

Real estate developers' focus on the premium housing segment priced between ₹3-5 crore led to launches growing by around 170% year-on-year, luxury segment priced above ₹5 crore followed with 116% growth. Real estate developers' focus on the premium housing segment led to launches growing by around 170% year-on-year, luxury segment followed with 116% growth, a report by JLL said New …

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report
5 months, 1 week ago

Affordable housing supply drops 21% as premium apartments surge in major cities: JLL India report

New Indian Express  

NEW DELHI: New supply of affordable apartments costing below Rs 50 lakh declined by 21 per cent in the April-June period across seven major cities as builders are launching more premium flats, according to real estate consultant JLL India. JLL India on Friday released data for the housing market of major seven cities, showing a 5 per cent increase in …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
5 months, 1 week ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Housing Rental Market Trends in India Across Top Cities 2024
6 months ago

Housing Rental Market Trends in India Across Top Cities 2024

The Hindu  

Housing rental market trends in India indicate that slightly over sixty-four percent of renters intend on becoming homeowners four years from now, there are still thirty-six percent who opt for renting homes rather than investing in their own. City-Wise Rental Market Trends in India for Top Cities in 2024 1. Hyderabad Rental Market Trends: In the second quarter of 2024, …

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises
6 months ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18  

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth
7 months, 1 week ago

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth

Hindustan Times  

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% Bengaluru witnessed the maximum price increase …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

Hyderabad sees highest 19% rise in housing price in Sep quarter: Report
1 year ago

Hyderabad sees highest 19% rise in housing price in Sep quarter: Report

Hindustan Times  

Housing prices rose annually by an average 10 per cent during the July-September quarter this year across top eight cities in India on better demand, according to a joint report by CREDAI, Colliers and Liases Foras. Housing prices in Ahmedabad rose 9 per cent to ₹6,613 per square feet, while rates appreciated 18 per cent in Bengaluru to ₹9,471 per …

Housing prices rose across 43 cities in Q1 of FY24: Report
1 year, 3 months ago

Housing prices rose across 43 cities in Q1 of FY24: Report

Hindustan Times  

Housing prices rose in 43 cities in the first quarter of 2023-24, while the rates of residential units fell in seven cities, according to National Housing Bank. Eight key primary residential markets -- Ahmedabad witnessed a 9.1 per cent appreciation in property prices while Bengaluru 8.9 per cent and Kolkata 7.8 per cent during the April-June 2023 period. READ | …

India’s housing market enjoys rapid growth, but can it last?
1 year, 4 months ago

India’s housing market enjoys rapid growth, but can it last?

Live Mint  

The Indian real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. The ISB – Housing.com Housing Price Index shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%. Housing Price Index - …

Housing prices across 8 major Indian cities increased by 7% in Q2 2023: Report
1 year, 4 months ago

Housing prices across 8 major Indian cities increased by 7% in Q2 2023: Report

Hindustan Times  

Housing prices in Delhi-NCR rose by an average 14 per cent year-on-year during April-June period, but fell 3 per cent in Mumbai Metropolitan Region, according to a joint report by CREDAI, Colliers India and Liases Foras. Among eight cities, MMR was the only cities that saw fall in average prices during the April-June quarter by 3 per cent to ₹ …

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report
1 year, 4 months ago

Demand for luxury homes in Bengaluru falls by half in Apr-Jun: CBRE report

Hindustan Times  

The demand for luxury housing in India rose in the April to June period, according to a report. 3,100 luxury housing units - priced at ₹ 4 crore and above - were sold in the quarter, compared to 1,400 in the year-ago period. Pune's luxury home sales inched up from nil last year to 150 units this year in April …

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023
1 year, 7 months ago

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023

Deccan Chronicle  

HYDERABAD: The luxury residential segment witnessed continued momentum in sales and launch activity. According to a report ‘India Market Monitor Q1 2023’ released by real estate consulting firm CBRE South Asia, Delhi-NCR, Mumbai, Hyderabad, Pune and Kolkata saw the maximum traction for high-end units. Sales in Delhi-NCR surged by over 216%, Mumbai by 44%, Hyderabad by about 800%, Kolkata by …

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger
1 year, 7 months ago

Housing Prices In India Increase Sharply In Q1, See An Average 7% YoY Jump: PropTiger

News 18  

Housing prices in India surged sharply during January-March 2023, with the average price rise across all the major realty markets in the country being nearly 7 per cent as compared to last year, according to a report by PropTiger.com. The average rate of properties in Bengaluru saw a 10 per cent appreciation in the past one year, making it the …

Should you buy or rent a house? Zerodha’s Nikhil Kamath has an answer
1 year, 7 months ago

Should you buy or rent a house? Zerodha’s Nikhil Kamath has an answer

Live Mint  

Calling the sudden spike in house rents in India a short term phenomenon, Zerodha's co-founder, Nikhil Kamath, has said that if the stark mismatch between the trend of buying and renting houses needed to reach an equilibrium, he would bet on the former. The main reason behind the rising house rents in India is the large imbalance in demand and …

In Bengaluru, landlords call the shots as techies fight for flats
1 year, 8 months ago

In Bengaluru, landlords call the shots as techies fight for flats

Hindustan Times  

Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market. The capital of Karnataka state is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc. That population was displaced during the pandemic, …

Premium home boost to India's housing market, overall sales at 9-year high
1 year, 10 months ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices …

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report
2 years, 1 month ago

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report

Hindustan Times  

Housing prices across the top eight cities, namely Delhi-NCR, MMR, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad, continue to grow at 6 per cent year-on-year during July-September of 2022 amidst robust housing demand and quality launches by top developers, a report said on Wednesday. Owing to the spike in launches in the past few quarters, around 94 per cent of …

Property registrations in Mumbai rose 11% to 8,628 units in September: Report
2 years, 2 months ago

Property registrations in Mumbai rose 11% to 8,628 units in September: Report

Live Mint  

In spite of rising home costs and borrowing costs, registration of properties in Mumbai jumped 11% last month to 8,628 units, the highest level for September in the previous 10 years, according to a study released today by Knight Frank India, a renowned international property consultant. In September 2022, there were 8,628 property sale registrations in Mumbai city, compared to …

Average monthly rent of luxury homes up 8-18% in last 2 years in top 7 cities
2 years, 3 months ago

Average monthly rent of luxury homes up 8-18% in last 2 years in top 7 cities

Hindustan Times  

Average monthly rentals in posh residential colonies across seven major cities rose 8-18 per cent in last two years while capital value appreciated by 2-9 per cent, according to Anarock. Bengaluru's Rajaji Nagar witnessed the highest capital appreciation of 9 per cent with average prices increasing to ₹6,200 per square feet in 2022 from ₹5,698 per sq ft in 2020. …

Housing prices up 5% in June quarter
2 years, 4 months ago

Housing prices up 5% in June quarter

Deccan Chronicle  

Chennai: Housing prices in the top eight cities, on average, moved up 5 per cent in the June quarter, while NCR saw a 10 per cent rise. MMR, the costliest real estate market, saw only a 1 per cent rise in housing prices at Rs 19,677 per square foot. Housing prices in the Delhi-NCR property market saw the highest annual …

Behind the surprising rebound in rental housing
2 years, 4 months ago

Behind the surprising rebound in rental housing

Live Mint  

BENGALURU : Sneha Ganguly’s single room paying guest accommodation, in Bengaluru’s Marathahalli area, felt cramped. “Demand is the highest we have seen in many, many years and has caused 12-18% rental inflation in most cities compared to even six months ago. In some gated communities near prominent office hubs, if a property is listed, one can rent out an apartment …

Chennai records rise in sale of residential units
2 years, 5 months ago

Chennai records rise in sale of residential units

The Hindu  

The Chennai residential market registered a 21% year-on-year growth in sales during the first half of 2022. According to data collated by Knight Frank India in its latest report, India Real Estate: H1 2022, Chennai recorded sale of 6,951 housing units in the first half of 2022 compared to 5,751 housing units sold during the corresponding period in 2021. Srinivas …

Delhi-NCR housing market | Sales fall 19%, new supply down 56% in Apr-Jun
2 years, 5 months ago

Delhi-NCR housing market | Sales fall 19%, new supply down 56% in Apr-Jun

The Hindu  

Housing sales in Delhi-NCR fell 19% to 15,340 units in April-June compared to the previous quarter on lower demand due to rise in property prices as well as mortgage rates, according to Anarock data. Housing sales in Greater Noida fell to 2,750 units from 3,450 units, while new launches rose to 390 units in April-June from nil in the previous …

Housing on road to recovery but potholes loom
2 years, 7 months ago

Housing on road to recovery but potholes loom

Live Mint  

A year back, we at the Indian School of Business, started tracking housing prices across eight major real estate markets of India, to aid investors, policymakers, and home buyers make informed decisions. Our W-shaped recovery prediction came on the back of an affordable housing push by the government, a prevailing low interest regime, slashed stamp duty charges in certain states …

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR
2 years, 8 months ago

Office Space Leasing Sees Rebound; Bengaluru in Highest Demand, Followed by NCR

News 18  

With the number of COVID-19 cases coming down, demand for offices has started making a swift return with office space leasing registering a 25 per cent year-on-year jump during January-March 2022 to 10.8 million square feet. State-wise, Bengaluru maintained its top position leasing 3.5 msf of office space which was a rise of 5 per cent year-on-year. “The first quarter …

Housing sales up 7% in 8 big cities in Jan-Mar period: Report
2 years, 8 months ago

Housing sales up 7% in 8 big cities in Jan-Mar period: Report

Live Mint  

Housing sales saw a 7 per cent year-on-year rise to 70,623 units from the January-March period across 8 big cities of the country, real estate consultancy firm PropTiger's data shows. The report, 'Real Insight Residential - January-March 2022', says amid higher demand, the new supplies also increased 50 per cent to 79,532 units during January-March 2022 vs 53,037 units during …

Housing sales in Chennai may increase at least 30% in 2021; prices may rise up to 5%: Report
3 years, 9 months ago

Housing sales in Chennai may increase at least 30% in 2021; prices may rise up to 5%: Report

Live Mint  

Housing sales in Chennai is likely to increase by at least 30 per cent this year, while prices may rise by up to 5 per cent on the revival of demand for residential properties because of lower interest rates and economic recovery, property brokerage firm PropTiger said on Wednesday. "Strong sales velocity is likely to happen in 2021, owing to …

Delhi’s Covid pain: Rent for retail space in Khan Market, CP drops 14%, says report
4 years, 2 months ago

Delhi’s Covid pain: Rent for retail space in Khan Market, CP drops 14%, says report

Live Mint  

New Delhi: The average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period due to COVID-19 pandemic, according to Cushman & Wakefield. In its 'Market Beat Delhi-NCR Retail Q3 2020' report, Cushman & Wakefield said the average rentals of Khan Market stood at ₹1,200 …

Housing sales drop 35 pc in 7 cities in July-Sep despite demand recovery: Report
4 years, 2 months ago

Housing sales drop 35 pc in 7 cities in July-Sep despite demand recovery: Report

India TV News  

Housing sales across seven major cities in the country fell 35 per cent year-on-year to 50,983 units during the July-September period even as the demand recovered post lockdown, according to data analytics firm PropEquity. Last week, property consultant Anarock reported 46 per cent year-on-year drop in sales of residential properties during the July-September quarter at 29,520 units in these seven …

Lockdown Impact: Housing Sales Plunge 79% in April-June in Top 8 Cities
4 years, 4 months ago

Lockdown Impact: Housing Sales Plunge 79% in April-June in Top 8 Cities

News 18  

Housing sales plunged 79 per cent to 19,038 units across eight major cities in April-June, as demand was badly impacted due to the nationwide lockdown to control COVID-19 pandemic, real estate brokerage firm PropTiger said on Tuesday. Releasing its latest report 'Real Insight: Q2 2020' through video conference, News Corp-backed PropTiger said that sales of residential properties fell 52 per …

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