Housing prices fell by an average 7 per cent during January-March in nine major cities over the previous quarter as developers cut property rates to boost their sluggish sales, according to real estate research and analytics firm PropEquity.
Unsold housing stock fell by 2 per cent to 5,95,074 units during March quarter 2018 from 6,08,949 units in the previous quarter due to increase in sales volume.
Housing sales rose by 8 per cent during the quarter at 40,694 units from 37,555 units in the previous quarter (October -December 2017)
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