Property sales up 21% in eight cities, cheaper home loans help

However, on year-on-year basis sales figure was lower 5%

Home sales, which slumped in the wake of the cash ban, have since shown signs of a recovery, according to Liases Foras, an Indian real estate advisory firm. 

Sales across eight cities rose 21% in the January-March period on a quarterly basis.

The growth was led by Kolkata (47%), Hyderabad (43%) and Ahmedabad (30%). NCR (National Capital Region) contributed to the highest number of sales (14,983 units or 24.5% of total sales across 8 tier-I cites), followed by MMR (Mumbai Metropolitan Region) at 14,505 units or 23.6%.

Sales