Signals, Powered By EquityPandit
Housing sales declined 2.2 percent to 1.58 lakh units in seven major cities during last fiscal.
JLL India, the property consultant in its monthly report said that the housing sales in January-March period of 2016 increased by 9 percent over the previous quarter.
The real estate market has been facing a slowdown from the last 3-4 years leading to significant delays in completion of projects and protest by home buyers.
According to a report, “The real estate sector saw the worst phase in 2015-16 with sales and prices plummeting. High inventory levels, diminished demand and limited liquidity affected new launches, the overall residential sales were down by 2.2 percent in FY 2015-16.”
