News – Possibility of 21 percent decline in house sales in nine major cities of the country.

New Delhi . A report released by a real estate data analyst company has said that there is a possibility of a 21 percent decline in home sales in the country's major nine housing markets during the October to December quarter. This is due to high base effect, due to which around 1.08 lakh units will be left. The company has released sales figures for Delhi-NCR, Mumbai, Navi Mumbai, Kolkata, Bengaluru, Pune, Hyderabad, Chennai, and Thane. There is a possibility of increase in sales in Delhi-NCR only while there is a possibility of decline in other cities. According to the data released, total sales are likely to be 1,08,261 units in the quarter, which is less than last year. However, sales are likely to grow by five percent in the September quarter. A senior real estate executive said there has been a decline in sales due to high base effect, but it may improve due to festive demand. Way claimed that the supply-consumption ratio is strong and healthy, which will lead to stability in the real estate sector. Hyderabad, Bengaluru, Chennai, Mumbai, Navi Mumbai, Thane, Kolkata, and Pune are also likely to see a decline in sales. However, the market in Delhi-NCR is set to change this trend and sales are likely to increase. These figures give a complete idea of ​​the real estate market and the sensitivity in this sector. By extension the country can be seen as a sign of decline, which is important towards the construction and development of the region.