Top 8 cities experience 28% sales up in residential sales in Oct-Dec 17

residential salesAfter the demonetization this figure is itself an achievement as compared to the previous results, the performance has been surpassed by making the correct changes in price and the implementation of RERA.

The past year has been very challenging for the Real Estate market and retrieving the same position in the market is finally showing up as the residential property sales have risen 28% across top 8 cities in the quarter ended December.

Post demonetization this figure is itself an achievement as compared to the previous results from a year ago to 51,701 apartments, the performance has been surpassed by making the correct changes in price and the implementation of RERA. Moreover, the market is taking a charge in order to regain the former position by accepting the changes such as RERA.

If we compare the launches of December quarter of 2017 and year 2015 at 19,148 units, it has been a drop of 21% and 70% respectively. While the figure of new projects launched in the second half of 2017 was 40,832 units.

During 2017, the sales of other cities encountered a drop of 34%, while NCR market embraced 21% of spike despite the effect of demonetization.

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