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Housing sales may dip 81%, new launches expected to fall 98%, says report

New launches may plunge by 98% to only 1,390 units as against nearly 69,000 units in the corresponding period of 2019

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Housing sales are likely to fall by 83 per cent in Delhi-NCR to 2,100 units in April-June 2020

Press Trust of India New Delhi
Housing sales are estimated to decline by 81 per cent to 12,740 units during April-June period of this calendar year due to Covid-19 pandemic and subsequent lockdown, property consultant Anarock said on Thursday. As many as 68,600 units were sold during April-June 2019 across seven major cities - Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata, Anarock said in a report.

New launches may plunge by 98 per cent to only 1,390 units as against nearly 69,000 units in the corresponding period of 2019.

"A massive drop in both new launches and housing sales were, of course,

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First Published: Jun 25 2020 | 3:28 PM IST

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