- Admin
- 06/09/2022
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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...