Home sales in India drop 7% in Q2; only 84,930 units sold: Report

Sales have also been hit as home loan interest rates increased over the last several quarters impacting affordability

India witnessed a drop of 7 per cent in home sales in the second quarter, with only 84,930 units sold in Q2 against 99,550 in Q1, shows a report released by PropEquity, a real estate data, research and analytics firm. The report captures trends in nine tier 1 cities including Gurugram, Noida, Mumbai, Thane, Bengaluru, Chennai, Kolkata, Hyderabad and Pune.
 

Drop in sales
 

A drop of sales of 7 per cent in a sequential quarter (Q2 vs Q1) of 2022 is witnessed as developers across cities focussed on clearing earlier launched inventories. Sales have also been hit as home loan