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Housing Sales Fall 31% even as Launches Dip In December Quarter

Housing Sales Fall 31% even as Launches Dip In December Quarter

Tuesday, February 28, 2017, 11:12 AM

According to a report, Housing sales dropped 31% while launches fell 40% in eight major cities during the December quarter, over previous three months, due to market uncertainty post demonetization of Rs 500 and Rs 1000 currency notes. Sales stood at 26,718 units during October-December, down 31%, the launches of new homes reduced to 16,636 units from 27,696 units.
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