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NBFC liquidity issue caused residential sales slowdown in the quarter

still 30% up over last year: PropTiger report 

 National, January 16, 2019– PropTiger.com, part of Elara Technologies Pte Ltd which also owns Housing.com and Makaan.com, today released the findings of its ‘Realty Decoded Report’ for Q3 FY’19. As per the report, a total of 73,691 units were sold in Q3 FY’19 in the top 9 cities, 8% lower as compared to 79,894 units sold in Q2 FY’19. However, on a YoY basis, sales improved in all the cities other than Gurugram, which witnessed a slowdown due to non-approval of affordable housing projects. Cities in Maharashtra, namely, Mumbai and Pune led the growth pack showing more than 50% improvement in sales year on year.

City Sales
Q3 FY’18 Q3 FY’19 YoY Change
Ahmedabad 2,588 2,746 6%
Bengaluru 7,484 7,676 3%
Chennai 3,357 4,213 25%
Gurugram^ 5,017 3,711 -26%
Hyderabad 4,263 5,813 36%
Kolkata 2,956 3,410 15%
Mumbai** 16,929 26,067 54%
Noida* 4,225 4,386 4%
Pune 9,877 15,669 59%
Grand Total 56,696 73,691 30%

 

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