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Residential demand cools as home sales decline across major cities
Housing sales in India’s top nine cities fell 16% YoY to 98,019 units in the October–December quarter, as higher prices and cautious buyer sentiment weighed on residential demand, according to PropEquity data.
Housing sales across India’s top nine cities declined 16% year-on-year during the October–December quarter to 98,019 units, according to data from PropEquity. The slowdown was attributed to higher property prices, reduced new launches, and cautious buyer sentiment. Despite the quarterly dip, developers reported stable enquiries in premium segments, while affordable housing demand remained relatively muted amid elevated borrowing costs.