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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

Units launched

1.9 Lakh: New units were launched in 2018

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Comparing with 2017

Comparing with 2017

22%: drop over the previous year. (Pixabay)

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Properties available for sale

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

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

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

Sales in Pune

47%: rise in sales in Pune 2018 over the previous year. (Reuters)

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Months of inventory

Months of inventory

29: Months of inventory with developers as of December. (Reuters)