Southern cities feeling the heat of residential slowdown, says report

The western cities of Pune and MMR raced far ahead and clocked in 33% jump in sales

The southern cities of Bengaluru, Hyderabad and Chennai have together seen residential sales decline by 5 per cent in the first three quarters of 2019 against the corresponding period in 2018, a new report has said.

The western cities of Pune and Mumbai Metropolitan Region raced far ahead and clocked in 33 per cent jump in sales over the same period. Even National Capital Region in the north recorded 15 per cent yearly rise in housing sales between January and September, a report by Anarock Property Consultants has said.

The three southern cities collectively saw residential sales of 61,400 units between January