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Data▼ Bearish for Indian equities
Housing sales fall 6% to 1.03 lakh units across nine cities in Q3
The brief
- Sales declined 6% to 1.03 lakh units in July-September
- New supply contracted 15%
- Slower housing demand and supply may weigh on Indian property developers and building-material companies
Q3 housing sales across major Indian cities
Housing sales across nine major Indian cities fell 6% year over year to 1.03 lakh units in July–September, according to PropEquity. Mumbai sales declined 8% to 9,830 units, while Thane sales fell 11%.
Saturday, 26 September
- Housing sales fall 6% to 1.03 lakh units across nine cities in Q3