Money Control - Home sales down 11% in July-September; observers cite higher prices, monsoons as reasons
Home sales down 11% in July-September; observers say higher prices, monsoons to blame
Residential sales for the July-September quarter across the country's top seven markets declined by around 11 percent year-on-year, with sales during the Ganeshotsav in Mumbai, one of the most popular residential sales windows, being lower over the same period last year as well. While monsoons played a part in decreasing sales during the reported period, according to industry observers, buyers were seen going into a wait-and-watch mode in the face of home prices increasing may have also caused a decline in sales.
