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Amid pandemic, real estate sector sells 57,940 units in H1CY20

The coronavirus-induced nationwide lockdown has severely impacted the real estate sector, resulting in muted launches and a decline in sales. Real estate sales decreased by 49% year-on-year to 57,940 units during the January-June period of 2020 (H1CY2020), a report by ANAROCK Property Consultants said. Sales in the April-June 2020 accounted only for 22% of H1CY2020. Sales during April-June quarter were 72% lower than the preceding Jan-Mar quarter and nearly 81% down from the same period last year. Supply of new launches in April-June 2020 was the lowest in the last five years. New launches in January-June 2020 declined 56% year-on-year.

Read More at CNBC TV18 News date : 1 Jul 2020, Wednesday

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