| Home sale volumes remained stable in the month of May in key cities across the country. According to data from property research firm PropEquity, "Bangalore maintained stable volumes with May 2012 residential sales of 5 million sq ft." Mumbai saw a slight increase in month-on-month and quarter-on-quarter sales. Gurgaon also saw moderate volumes with 3.6 million sq ft sold in the month.
"The monsoon is typically a lean season for the sector and the next leg of launches is expected in September 2012 when the festive season kicks in. We remain positive on the sector as most of the slowdown is already in current valuations," said a Religare Institutional Research report on the real estate sector...............................................Full Article: Source
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