India's Housing Market Sees 18% Decline in Sales Across Top 9 Cities
Housing sales decline by 18% year-on-year during July-September quarter, with only Delhi NCR and Navi Mumbai seeing a rise in sales.
Indian Real Estate MarketHousing SalesPropequityDelhi NcrMumbaiBengaluruHyderabadReal Estate NewsSep 20, 2024
The housing sales stood at 1,04,393 units, down from 1,26,848 units during the same period last year. However, Delhi NCR and Navi Mumbai are expected to see a rise in sales, with Delhi NCR witnessing a 22% increase and Navi Mumbai seeing a 4% rise.
On the other hand, Hyderabad is expected to record the highest fall in sales, with a decline of 42%. Other cities that are likely to see a decline in sales include Bengaluru (-26%), Kolkata (-23%), Pune (-19%), Chennai (-18%), Mumbai (-17%), and Thane (-10%).
Frequently Asked Questions
What is the expected decline in housing sales across top 9 cities in India?
18%
Which cities are expected to see a rise in housing sales?
Delhi NCR and Navi Mumbai
Which city is expected to record the highest fall in housing sales?
Hyderabad
What is the expected change in housing sales in Delhi NCR?
22%
What is the expected change in housing sales in Hyderabad?
-42%
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