Delhi-NCR housing market remains buoyant; sales up 25%, supply rises 59% in Oct-Dec: PropEquity
New supply in Delhi-NCR is set to increase 59 per cent to 11,223 units in the current December quarter from 7,072 units in the corresponding period of the previous year.
Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise during the current quarter, real estate data analytics firm PropEquity's data showed.
The other eight markets — Bengaluru, Pune, Hyderabad, Chennai, Kolkata, Mumbai, Navi Mumbai and Thane — are likely to witness a fall in sales and new supply during this quarter.
As per the PropEquity data, the total housing sales are estimated to fall 21 per cent annually across nine major cities during the October-December period to 1,08,261 units from 1,37,225 units in the same period last year.
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