HOME SALES UP India's top 8 cities 6% DURING 2016
January-March,Chennai were up 25%
Home sales across India's top 8 cities increased
6% in the 2016 January-March quarter from that a year ago, helped by stagnant
pricing, discounts from builders and launch of new projects at lower prices in
some cities, according to Liases Foras.
For the first time the total sales across eight
tier-1 cities crossed 60,000 flats.
However, unsold stock increased 22% to 1,170.8
million square feet from 1,125.2 million square feet in the previous quarter.
Sales in NCR were up 33% and that in Mumbai 12% ,
while Bengaluru saw sales drop 18% , sales in Ahmedabad went up 32% while that
in Chennai were up 25% , Hyderabad saw 20% growth and Kolkata 14% while Pune
saw a 25% decline.
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