Housing sales across major
cities declined 25 per cent during the July-September quarter to 65,799
units, according to a report by Proptiger.com.
corresponding period of financial year 2018-19 (FY19), about 88,078
units were sold, the report released on Thursday said.
also said that new project launches in the country declined 45 per cent
in the July-September quarter of the financial year 2019-20 (FY20),
when compared to the levels seen in the same quarter last year.
sales reduced by 25 per cent as compared to the corresponding quarter
last financial year. Quarter-on-quarter comparisons also showed decline
in both sales and launches wherein new launches fell 32 per cent and
home sales declined by 23 per cent," it said.
A comparison of
numbers between the first half of FY19 and FY20 also showed that home
sales and new launches moved downwards. As compared to the sale of
1,70,715 units in the first half of FY19, only 1,51,764 units were sold
in the same period in FY20, registering an 11 per cent fall.
as against the launch of 1,37,146 fresh units in the first six months
of FY19, only 83,662 units were launched in India's nine cities in the
first six months of FY20, a fall of 39 per cent, it added.