Housing sales fall 9%, new supply declines 15% in top 9 cities in 2024: PropEquity
Housing sales fall below 5 lakh units to 4,70,899 units in 2024.
Ø Only Delhi-NCR and Navi Mumbai witnessed rise, other cities saw decline in sales.
Ø New supply in top 9 cities decline by 15% at 4,11,022 units in 2024.
Ø Bengaluru, Pune and Thane emerged as the top city in terms of new supply in 2024.
Ø Bengaluru, Chennai and Delhi-NCR saw supply exceed absorption in 2024.
New Delhi, January 22, 2025: The residential real estate market in India’s top 9 cities saw a marginal 9% decline in sales at 4,70,899 units while new supply fell by 15% to 4,11,022 units in 2024 on the back of two quarters of under-activity due to General Elections and Monsoon, according to a report by NSE-listed real estate data analytics firm PropEquity.
The number of units sold in 2023 stood at...