Home sales in top 7 cities halve in 2020 as Bengaluru, NCR lead decline

New housing supply down 46%, unsold inventory shrinks 2%

Residential sales in the top seven cities of the country fell almost 50 per cent on a yearly basis in 2020, according to a new study. The top seven cities saw housing sales of around 138,350 units till now this year against 261,370 units in 2019, a 47 per cent decline on a yearly basis, a report by Anarock Property Consultants said.

Residential markets such as National Capital Region (NCR) and Bengaluru saw over 50 per cent drop in home sales in 2020, the report said.

Mumbai Metropolitan Region (MMR) saw housing sales of about 44,320 units in 2020, reducing yearly by