NEW DELHI : Real estate developers sold 26 per cent less apartments during January-March period across nine major cities as economic slowdown and coronavirus outbreak affected demand, News Corp-backed PropTiger said.
In its report 'Real Insight: Q4 FY20', the housing brokerage firm said "a total of 69,235 units were sold during the quarter ending March as against 93,936 units sold during the same quarter last fiscal." New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review.
Reports by other brokerages and consultants too pointed out that sales have been hit by 30-40 per cent in the first three months of 2020. "The adverse impact of the coronavirus is visible on housing sales in the last