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India: Housing sales fall by 16pct in 2012; new launches drop by 30pct

Posted on 09 January 2013

Housing sales have declined by 16 per cent to nearly 2.10 lakh units during 2012 in the top six cities as high property prices and costlier home loan affected demand, property consultant Knight Frank said in a report.
The new launches of homes, too, fell by 30 per cent with developers shying away from announcing fresh projects. Delhi- NCR, Mumbai, Pune, Bengaluru, Hyderabad and Chennai are the six cities tracked by the Knight Frank………………………………………..Full Article: Source


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