Housing Sales In Major Cities Fall 13% In April-June

New Delhi: Sale of housing units across seven major cities in the country declined by 13 per cent on quarter-on-quarter (QoQ) basis during the April-June quarter of 2019, an Anarock report said on Tuesday. Sales declined to 68,600 units from 78,520 units in the January-March quarter, the report said. “As anticipated, residential real estate activity remained largely tepid during the second quarter of 2019 in the backdrop of the general elections during the period but the recent Union Budget sops for the affordable sector may give the much-needed push to the segment henceforth,” it said. Among the cities, Hyderabad, Bengaluru and Pune witnessed the maximum drop in housing sales at 18 per cent, 16 per cent and 15 per cent respectively, while in the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR) sales declined by 11 per cent and 8 per cent respectively. (IANS)

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