After a 2-year bull run, residential real estate activity across the top cities stabilized in Q3 2024 - typically a slow quarter due to the monsoon and perceived inauspiciousness. Latest ANAROCK data reveals that housing sales across the top 7 cities declined by 11% annually, clocking in at approx. 1,07,060 units in Q3 2024 against approx. 1,20,290 units in Q3 2023. However, sales continued to outstrip new supply in Q3 2024, reflecting continued health in the market.
Anuj Puri, Chairm...
Q3 2024 Housing Sales Dip 11% Y-o-Y in Top 7 Cities, Remain Higher Than New Launches