Housing sales down during Apr-June in nine major cities: Prop Equity
Housing sales fell by 1 per cent to 49,945 units in April-June 2018 in nine major cities compared with the year-ago period, according to data analytics firm Prop Equity. Nine cities that were included for the study are Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai.
The launches fell by 25 per cent to 35,211 units during the second quarter of 2018 calendar year, leading to a 9 per cent drop in unsold housing stock to 6.16 lakh units.
Prop Equity is an online subscription-based real estate data and analytics platform covering over 98,370 projects of 26,881 developers across over 42 cities in India.