Housing sales likely to decline 2% in Apr-June across top 9 cities

Housing sales are estimated to decline 2 per cent to nearly 1.20 lakh units in the current quarter across nine major cities, mainly due to lower demand in Hyderabad and Pune, according to PropEquity. Real estate data analytic firm PropEquity on Thursday released housing sales data for April-June, 10 days before the end of the quarter. As per the data, housing sales in April-June are estimated to fall at 1,19,901 units as against 1,21,856 units in the year-ago period. In Delhi NCR, sales of residential properties are likely to rise to 10,198 units during April-June this year from 9,635 units in the year-ago period. Housing sales in Bengaluru are likely to rise to 15,127 units from 15,088 units. In Chennai, the sales are likely to fall to 4,841 units from 4,950 units. Sales in Hyderabad are estimated to decline 20 per cent to 15,016 units from 18,757 units. In Kolkata, sales are likely to rise to 5,130 units from 4,025 units. Housing sales in Mumbai are estimated to fall marginal