Housing sales drop 9% in 9 major cities to 471k units in 2024: PropEquity

Quick Summary:

Housing sales across nine major cities dropped 9 per cent to nearly 4.71 lakh units in 2024 on lower demand as well as fall in fresh supply, according to PropEquity.

Data analytics firm PropEquity, part of listed entity P E Analytics, on Wednesday released the housing data for nine major cities namely Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Pune and Thane.

Samir Jasuja, CEO & Founder, PropEquity said, "The drop in housing supply and sales in 2024 is due to the high base effect, as 2023 was a peak year".

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Category: BusinessFinance

Markets: India

Topics: Housing sales Housing sector Housing demand PropEquity report

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Published On: 2025-01-22 @ 16:48:05 (5 hours ago)

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