Housing sales got affected last year on the adverse impact of notes ban as well as implementation issues with the new realty law Rera that came into effect from May 2017 and the GST
PNB Housing Finance is one of the few deposit-taking housing finance companies
Housing sales were higher than the new launches in six quarters but were lower in last two quarters
These eight cities are Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru and Chennai
Delays in projects execution are forcing buyers to protest & file cases against developers in courts
Housing sales stood at 43,500 units in the October- December quarter
Housing sales stood at 28,472 units during the October- December quarter in eight major cities
Home launches dip 40% in eight major cities
The city also witnessed an 8% dip in new residential housing projects launch in the second half of 2016
Real estate market is facing a slowdown from the last 3-4 years leading to significant delays in completion of projects and protest by home buyers