In the July-September quarter, residential property sales in nine key Indian cities dipped by six percent, totaling just 1.03 lakh units, a stark contrast to last year’s figures. This decline signifies lower demand alongside a decrease in new housing supply. While Bengaluru and Hyderabad saw slight growth in sales, many other cities faced significant drops, reflecting a broader slump in the residential real estate market amidst prevailing economic challenges. In the July-September quarter, residential property sales in nine key Indian cities dipped by six percent, totaling just 1.03 lakh units, a stark contrast to last year’s figures. This decline signifies lower demand alongside a decrease in new housing supply. While Bengaluru and Hyderabad saw slight growth in sales, many other cities faced significant drops, reflecting a broader slump in the residential real estate market amidst prevailing economic challenges.
