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Housing sales in MMR, Pune dip 30% to nearly 42K units in Jun qtr amid price surge: PropTiger

  • Housing sales in MMR and Pune declined by 30% to nearly 42,000 units in the June quarter due to a surge in prices, according to data released by PropTiger.
  • Sales in India's primary residential markets fell 14% to 97,674 units in April-June this year, compared to 113,768 units in the same period last year.
  • The drop in sales is attributed to affordability issues in the budget and mid-income segments, leading to cautious buyer sentiment, as mentioned by Sridhar Srinivasan, Head of Sales at PropTiger.
  • Despite the decline in sales in MMR, Pune, and other cities, Bengaluru and Chennai experienced an increase in housing sales, with Bengaluru witnessing a 16% rise and Chennai a 33% spike.

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