Bengaluru housing sales down 19% in April-June: Report
A report said housing sales rose in Mumbai, Pune and Ahmedabad, but fell in Bengaluru, Delhi-NCR, Hyderabad, Chennai and Kolkata. High demand in Maharashtra's Mumbai and Pune drove housing sales higher this quarter. India’s housing market saw an eight per cent increase in sales in the second quarter of the year across major cities including Mumbai, Pune and Ahmedabad, but declined in five others, namely Bengaluru, Delhi-NCR, Hyderabad, Chennai and Kolkata, an analysis by real estate advisory firm, PropTiger, said. High demand in Maharashtra’s Mumbai and Pune drove housing sales higher by eight per cent to 80,250 units compared to last year’s April to June period, when 74,320 units were sold across “primary (fresh sales) residential markets” of the eight cities, the firm said in a ‘Real Insight Residential — April-June 2023’ report released on Wednesday. The report said housing sales rose in three cities, namely, Mumbai, Pune and Ahmedabad. However, it fell in the other five cities ...