India Home Sales Fall 6% in Q2 2024 Across Nine Major Cities
Residential property sales across nine major Indian cities declined by 6% in the July–September quarter, amounting to approximately 1.03 lakh units sold. This marks a notable drop compared to the same period last year, pointing to weakening buyer demand. New housing supply also contracted during the quarter, compounding the slowdown. While Bengaluru and Hyderabad bucked the trend with marginal sales growth, most other cities recorded significant declines. Analysts attribute the broader slump to ongoing economic pressures weighing on the residential real estate market.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in