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Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Overall sales during 2019, however, inched up while new launches grew 21 per cent year-on-year

Arnab Dutta  |  New Delhi 

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Unrelenting liquidity crisis, poor sentiment among homebuyers and faltering economic growth hit the residential market in the second half of 2019. While, new launches plunged 30 per cent post-June, sales declined 22 per cent compared to the first half of the year. Overall sales during 2019, however, inched up while new launches grew 21 per cent year-on-year, as both developers and homebuyers enthusiastically invested in during the first half of 2019.

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

Housing demand fell 22% in H2 2019 amid slowdown in real estate market

First Published: Thu, December 26 2019. 22:34 IST
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