Housing sales up 6% during Jul-Sept in nine big cities: PropEquity

Among cities, housing sales in Bengaluru increased by 14 per cent to 8,916 units

Housing sales rose by 6 per cent during July-September in nine major cities at 51,142 units on demand recovery post demonetisation, new real estate law and GST impact on the real estate market, according to PropEquity data.

Nine cities tracked by real estate data, research and analytics firm PropEquity include Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai.

Launches of new homes grew by 12 per cent to 32,870 units during the third quarter of 2018 calendar year.

"In the last one year, prices have corrected and the realty market has started to somewhat revive. With festive season coming up, developers