India Home Sales Drop 23% as High Prices, Buyer Caution Weigh
This article is for subscribers only.
Housing sales across India’s top nine cities dropped 23% in the January–March quarter over last year, as high prices and a slowing economy are making buyers cautious, according to a report by real estate data firm PropEquity.
Sales during the quarter were 105,791 units; only Bengaluru and the National Capital Region defied the downtrend with a 10% increase. Poor demand has led to a 34% drop in new project launches across the nine cities.