Are you buying a house? Affordable housing sales in India have just shot up, PropTiger says
ZeeBiz WebTeam | Dec 17, 2018, 11:44 AM IST
Housing sales in India are estimated to have increased by 25% this year at 3.1 lakh units in nine major cities of the country, driven by improved demand especially for affordable homes, according to PropTiger.com
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Units launched
1.9 Lakh: New units were launched in 2018
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Comparing with 2017
22%: drop over the previous year. (Pixabay)
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Properties available for sale
7.5 L: properties available for sale in nine cities as of December. (Reuters)
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Drop in unsold inventory
14%: Drop in unsold inventory in 2018 over the previous fiscal. (Pixabay)
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Units sold in the Mumbai
1 L: Units sold in the Mumbai Metropolitan region in 2018, up 34% over the previous yearly-round. (Reuters)
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Sales in Pune
47%: rise in sales in Pune 2018 over the previous year. (Reuters)
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Months of inventory
29: Months of inventory with developers as of December. (Reuters)