Home sales drop by 46% during July-September

Sales of residential properties in the top seven cities of the country declined by 46 percent during the July-September quarter due to a decrease in demand due to Covid-19. This has been said in the report by property consultant Enarock. The report stated that during the second quarter of the current financial year, 29,520 units were sold in Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune. At the same time, 55,080 units were sold during July to September last year.

During January-September this year, sales fell by 57 per cent to 87,460 units. The figure stood at 2,02,200 units in the same period last year.

According to data from Enarock, all the seven cities have seen a year-on-year decline in sales from July to September 2020.