Home sales in Bengaluru, which is seen as a resilient market, also fell 45 per cent in the October-December quarter as compared to the year-ago period.
Edited by Surajit Dasgupta | Last Updated: January 11, 2017 19:19 (IST) Surajit Dasgupta
Demonetisation took a big toll on the property market last year with home sales falling to lowest in six years, says a report from real estate consultant Knight Frank.
New launches by developers also took a hit during the quarter, falling by a massive 61 per cent, the report said.
The report is based on property market in eight top
cities: Mumbai, Delhi NCR, Bengaluru, Pune, Chennai,
Hyderabad, Kolkata and Ahmedabad. (Also
businesses in Mumbai, Pune say note ban hit them
---End of Article---