Home / Companies / News / Home sales fell 20% in December quarter of FY17: PropTiger report

Home sales fell 20% in December quarter of FY17: PropTiger report

In absolute terms, sales shrank from 54,721 units in September quarter to 43,512 units

real estate, housing, home, building, construction

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Tata Value Homes, a subsidiary of Tata Housing, develops affordable housing projects across the country with over 40 million square feet under development

BS Reporter Mumbai

Last Updated : Feb 13 2017 | 2:02 AM IST

Home sales across top nine cities of the country declined by 20 per cent in Q3 FY’17, compared with a four per cent fall in the previous quarter, showed a new study on Saturday.

In absolute terms, sales shrank from 54,721 units in the September quarter to 43,512 units in the December quarter.

The pace of decline witnessed during the quarter is the highest in the past 12 quarters, said PropTiger’s ‘Realty Decoded’ report for the October-December quarter of the financial year 2016-17.

The report further said that the monthly average residential sales and launches before demonetisation, during the July-October

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