Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
Housing sales drop 49% during January-June amid Covid
New Delhi
Last Updated : 29 Jun 2020 08:47:27 PM IST
Housing sales drop 49% during January-June amid Covid
file pic


Impacted by the pandemic and the nationwide lockdown, housing sales across the seven major cities nearly halved during the first six months of 2020 compared to the second half of 2019, according to a report by Anarock Property Consultants.

A total of 57,940 units were sold during January-June, the data showed.
"Sales decreased by 49 per cent in H1 2020 compared to H2 2019 as every city underwent contraction. The contraction was in the range of 46 per cent to 51 per cent across the top seven cities of India," the report said.
Sales in Q2 2020 accounted only for 22 per cent of H1 2020, which primarily led to an overall decline in half-yearly sales. Housing sales during April-June 2020 were 72 per cent lower than the previous quarter and nearly 81 per cent down from Q2 2019.
The report, however, noted that despite the prevailing unprecedented crisis created by the Covid-19 pandemic, 57,940 units were sold, and sales continued to exceed launches in the first half of 2020.
Launches during the period under review declined by 56 per cent compared to the second half 2019. The nationwide lockdown imposed from the last week of March severely impacted the real estate sector, resulting in muted launches, it said.
Further, unsold inventory registered a marginal decline of 2 per cent in H1 2020 compared to H2 2019. Sales continued to exceed new launches, resulting in unsold inventory reduction, it added.
The survey was done in the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru, Pune, Hyderabad, Chennai and Kolkata.

For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:

In a bizzare incident, a vegetable seller sold dried cannabis leaves to a local named Nite

Actress Sara Ali Khan on Saturday posted a quirky snapshot where she is seen twinning with

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte


Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live