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 real estate 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 real estate during the first half of 2019.