Coronavirus impact: Home sales drop 42% in March quarter, says Anarock

Bearing the brunt of COVID-19 pandemic, sales of residential units saw a 42 per cent year-on-year (YoY) drop in the first quarter of the calendar year 2020, said a new report.

In Q1 2020, residential sales in the top seven cities stood at 45,200 units, against 78,510 units a year ago, according to Anarock Property Consultants. On quarter on quarter (Q-o-Q) basis, housing sales fell by 24 per cent.

The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune have accounted for 84 per cent of the sales in the first quarter of the year.

As compared to