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Real estate teeters in tier-2 cities; Q3 sales dip 13%
The New Indian Express
|October 22, 2024
HOUSING sales in the top 30 tier 2 cities fell sharply by 13% in the July-September quarter of 2024 (Q3 CY2024) while new launches plummeted by 34%, according to a report by NSE-listed real estate data analytics firm PropEquity.
The sales declined to 41,871 units in Q3 CY2024 against 47,985 units in the same period last year, while launches came down to 28,980 units in the recently concluded quarter from 43,748 units last year.
Samir Jasuja, CEO and founder, PropEquity, said the decline is on account of the higher base effect of last year as the year 2023 had recorded historic highs.
This story is from the October 22, 2024 edition of The New Indian Express.
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