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Housing sales likely to fall 21% in Oct-Dec quarter
The New Indian Express Vishakapatnam
|December 22, 2024
IN a not so positive development for the real estate sector, housing supply in top 9 cities is expected to decline 33% and housing sales to come down by 21% in the October-December period of CY2024 (Q4CY24), said real estate consultancy firm PropEquity on Saturday.
Housing sales declined to 108,261 units in Q4CY24 as against 137,225 units in the same period last year. However, sales rose 5% in Q4CY24 from 103,213 units in Q3CY24 (July-September).
Housing supply fell to 85,765 units in Q4CY24 as against 127,936 units in the same period last year. However, supply rose 7% in Q4CY24 from 80,284 units in Q3CY24.
The top nine cities include Bengaluru, Hyderabad, Chennai, Kolkata, Pune, Thane, Navi Mumbai, Mumbai and Delhi-NCR. Only Delhi-NCR bucked the national trend.
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