Key Points
After steady growth in home sales in Indias top seven markets for over three years, sales of new homes declined for the first time in April-June quarter...
Latest data from Anarock Property Research shows, sales in June quarter (Q2) fell by 8% sequentially..
However, due to steady fall in sales over the past two years, the market in Delhi-NCR has shrunk considerably and is now features at 5th spot in the pecking order...
According to analysts at Anarock, the bull run in residential sales across the top 7 cities tamed down marginally in the second quarter of 2024, on the backdrop of increasing property prices and a high base record of the previous quarter (Q1 2024)...
The quarterly decline seen in housing sales is essentially because of the all-time high base considered in the previous quarter, when more than 1.30 lakh units were sold..
