Housing Sales Up By 24%
Top nine property markets in the country saw 24 per cent increase in housing sales during July-September period, but new launches declined by 35 per cent resulting in a fall in unsold apartments, according to News Corp-backed brokerage firm PropTiger.com.
Ankur Dhawan Chief Investment Officer of PropTiger said that significant reduction in launches clearly indicates that developers are focusing on the completion of existing projects rather than launching new ones.
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