Will moderation in housing sales play spoilsport this festive season?

  • Admin
  • 06/09/2022
  • 295 views

Will moderation in housing sales play spoilsport this festive season?

Three waves of COVID-19, the Ukraine war, and the Reserve Bank Of India’s (RBI) 140 basis point rate hike have all had an impact on housing demand.

While prices have on average increased by almost five percent annually in the June quarter due to higher input costs, especially that of cement and steel, sales have fallen by 15 percent. However, the dent is only short term and is expected to pick up from the festive season, say experts.

The top seven cities saw housing sales plummet from about 99,550 units in Q1 2022 to approximately 84,930 units in Q2 2022. Read More...


Do You Need Help With Anything?

Receive updates, hot deals, new property, projects, sent straignt in your inbox every month

The information, details and specifications about the projects on this site are as provided by the developers and/or sellers to the best of our knowledge and it is advisable that the same be verified by the respective buyers & sellers. Kunvarji Realty Brokers is not a developer. Rates are indicative and subject to change without prior notice.
Okay, Got It