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Housing sales increased marginally, only 3 percent, in the first half of this year to more than 1.24 million units in eight major cities despite falling prices, said Knight Frank India [19659002]. The Real Estate report follows the primary real estate markets of eight cities – Delhi-NCR, Mumbai, Calcutta, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad.
He stated that new house launches increased by 46 percent during the January- The period of June 2018 amounted to 91,739 units in these eight cities, compared to 62,738 units during from the same period last year.
The level of unsold inventories fell by 17% to 4,978,289 units. However, he said: "Sales and launches have increased over the past 18 months and are at their highest level since demonetization, at approximately 1.24 and 92,000 units, respectively."
As for the year-to-year comparison for the first half of this year, Knight Frank sho data Sales of Delhi-NCR housing rose 5% to 18,047 units over the same period from last year.
Bengaluru saw the maximum increase in home sales by 22% to 25,802 units. 1 percent to 32,412 units.
Housing sales in Hyderabad increased 5 percent to 8,313 units. Ahmadabad also saw a 3 percent increase to 8,087 units.
However, sales in Calcutta fell 19 percent to 6,591 units.
Pune also saw a 6 percent decline to 16,451 units, while sales to Chennai "Despite increased launches, lower prices, government reforms and incentive, demand for housing n & # 39; It has not yet taken off, "said Mudbadir Zaidi, executive director of the Knight Frank India (North) reporters in Washington
. ] The price decline has intensified in Mumbai, Pune and Kolkata at 9%, 8% and 8% respectively.
"The actual 10-15% drop in prices continues in cities like Mumbai, NCR, Pune and Kolkata: Hyderabad is shaking up the trend with exceptional year-over-year price growth of 8%," said M Zaidi.
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