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Gurugram only city to witness improvement in launches and sales in 2017

 Due to the continued impact of the Real Estate (Regulation and Development) Act (RERA), total new launches across the top nine cities of India, dropped by 56 per cent in Q4 CY17, with the biggest drop seen in Pune, Ahmedabad and Kolkata, says the report. The study covered nine key Indian cities of Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad.

  • Gurugram was the only city to witness both, higher launches and sales in CY17.
  • Overall, total new launches dropped by 43 per cent y-o-y in CY17.
  • Total sales declined by 17 per cent in CY17.

Posted On : 11-04-2018 14:44:56

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