Economic sluggishness has also had a major impact on the sale of houses amid the outbreak of Corona virus. According to a report, during January to March, there has been a decline of 26 percent in the sale of houses in 9 major cities of the country. According to Prop Tiger’s report, housing brokerage companies said that a total of 69,235 units were sold in the quarter ending in March. Whereas in the same period last year, a total of 93,936 units were sold.
For your information, let us tell you that with the decline in the sale of houses, there has been a big decline in new launching as well. It is almost half left. According to the report, there were 35,668 new launches in the March quarter. Whereas in the same period a year ago, the number was 72,932. Other brokerages and consultancies have also reported a drop in sales by 30 to 40 percent in the first three months of the year 2020. Apart from this, Dhruv Aggarwal, Group CEO of Housing.com, Makan.com and Prop Tiger.com, said, The corona virus has a bad effect on the sale of homes in the last quarter of the last financial year, as March sales generally It is a big month in terms of
According to data revealed among the virus infections, the sale of homes has fallen in all 9 major cities, Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Kolkata, Mumbai, Pune and Noida. Talking about Maharashtra, the sale of houses in Mumbai fell by 14 per cent to 23,969 units. Apart from this, the sale of houses has decreased by 15 percent in Pune, 36 percent in Ahmedabad, 24 percent in Bangalore, 23 percent in Chennai and 39 percent in Hyderabad.
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