Top 8 tier I Indian cities have recorded 9% on-year rise in residential sales at 69,697 apartments in the first quarter ended March led by activity in Mumbai region and Pu
In terms of growth, sales in Chennai witnessed maximum on-year growth of 31%, followed by Pune at 24%, Bangalore 19%, Hyderabad 18%, and Mumbai Metropolitan Region (MMR) 7%. The National Capital Region (NCR) witnessed the maximum decline of 8%.
Prices remained stable in tier I cities on both sequential and on-year basis.
During the quarter, unsold housing stock in tier I cities decreased by 7% on-year. Ahmedabad witnessed the maximum decline in unsold stock at 16%, followed by Kolkata 13%, Bangalore 11%, Pune 10%, NCR 8%, and MMR 4%, the data showed.
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