Hsg sales rises 19% in Apr-Jun across 9 cities

Housing sales rose 19% to 1,12,458 units during the April-June period across the top nine cities despite global economic uncertainties, according to PropEquity.  

Sales stood at 94,864 units in the year-ago period across the nine cities, which include Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. New supply of residential properties rose 43% annually to 1,17,609 units during the April-June period.

Samir Jasuja, founder 

and CEO of PropEquity, said, "The Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East. Southern markets continue to lead growth, while Mumbai and Navi Mumbai have also seen strong demand. Although some regions such as Thane and Delhi-NCR have witnessed relatively softer activity, overall market sentiment remains positive".