Housing sales fall 26% in Jan-March, new supply dips 51%: Report

Real estate developers sold 26 per cent apartments less in January-March in nine cities as the slowdown and coronavirus outbreak deflated demand, said News Corp-backed PropTiger on Thursday.

In its report 'Real Insight: Q4 FY20', the housing brokerage firm said "a total of 69,235 units were sold during the quarter ending March as against 93,936 units sold during the same quarter last fiscal."

New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review.

Reports by other brokerages and consultants too pointed out that sales have been hit by 30-40 per cent