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99acres: Residential Market Update 2019

REPORT

After a brief phase of positive transition, the real estate sector exhibited a slowdown, yet again in the Jul-Sep 2019 quarter. The general slack in the economy is touted to be the prime reason for reducing sales volume and restricted number of new launches. While housing sales dipped marginally and stood at nearly 37,000 units, new launches declined by around 30 percent, QoQ, and stood at around 37,500 units in the top eight metro cities. Delhi NCR alone saw sales volume declining by 15 percent, QoQ.