According to data provided by real estate data monitoring company PropEquity, housing sales in nine major cities of the country fell six percent to 1.03 lakh units in the July-September quarter. Global economic uncertainties have also affected home buying sentiment. PropEquity released data for the primary residential markets of Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Sameer Jasuja, founder and CEO, PropEquity, said new supply and sales of residential properties in top cities still remain around one lakh units on a quarterly basis. Let us also tell you what kind of statistics have come up.

Some such statistics have come up

1. According to the data, housing sales in these nine cities stood at 1,03,170 units in the July-September quarter, as against 1,09,420 units in the same quarter last fiscal.
2. The supply of new houses fell to 98,165 units in the quarter under review, compared to 1,00,330 units in the corresponding period last fiscal.
3. Generally, residential sales are slow in the July-September quarter due to the monsoon. Real estate developers refrain from starting new projects due to rains.
4. At the same time, sales improved in the December quarter due to increased festive demand. To capitalize on this demand, developers increase new supply and also offer various incentives to attract customers.
5. Among these major cities, Bengaluru saw a one percent increase in sales to 17,340 units from 17,170 units last year. In Hyderabad, sales rose 11 percent to 15,470 units, as against 13,890 units last year.
6. Housing sales in Mumbai declined by eight percent to 9,830 units from 10,690 units in the same quarter last fiscal. In Mumbai metropolitan region’s Thane, sales fell 11 per cent to 16,230 units in the July-September quarter, while sales in Navi Mumbai rose 12 per cent to 9,810 units.
7. Housing sales in Pune declined by 16 percent to 17,860 units from 21,190 units in the corresponding period last fiscal. Sales in Delhi-NCR declined 12 percent to 8,090 units from 9,230 units in the same quarter last fiscal.
8. Housing sales in Chennai fell 17 per cent to 4,680 units from 5,640 units last year. Housing sales in Kolkata also declined by 17 per cent to 3,860 units from 4,640 units in the July-September quarter last fiscal.