NEW DELHI: After several quarters of tepid growth, home sales bounced back in the three months to December with a 22 per cent rise in top six cities, according to property research firm Liases Foras.
Bangalore posted the biggest gain with home sales growing 58 per cent over a year ago between October and December while the National Capital Region (NCR) registered the smallest gain of 4 per cent among the top six cities.
Home sales in Pune rose 48 per cent while those in Mumbai Metropolitan Region (MMR) were up 26 per cent. MMR had had seen sales sliding in the last two quarters. Property prices, however, grew an average 1 per cent quarter-on-quarter in the top six cities, continuing a trend of marginal growth that has been on for six quarters now. Read more
By Ravi Teja Sharma