city New Delhi India 2020 pandemic crisis city New Delhi India

Housing sales drop 49% during January-June amid Covid

Reading now: 622
www.livemint.com

NEW DELHI : Impacted by the pandemic and the nationwide lockdown, housing sales across the seven major cities nearly halved during the first six months of 2020 compared to the second half of 2019, according to a report by Anarock Property Consultants.A total of 57,940 units were sold during January-June, the data showed."Sales decreased by 49% in H1 2020 compared to H2 2019 as every city underwent contraction.

The contraction was in the range of 46% to 51% across the top seven cities of India," the report said.Sales in Q2 2020 accounted only for 22% of H1 2020, which primarily led to an overall decline in half-yearly sales.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA