Housing sales in Gurugram down 26% in Oct-Dec; Noida sees 4% rise in sales: PropTiger

Gurugram witnessed 26 per cent decline in housing sales during the third quarter of this fiscal at 3,711 units due to less supply of affordable flats that are currently in demand because of various government incentives, a report by property brokerage firm PropTiger said.

However, housing sales increased in Noida by 4 per cent to 4,386 units during October-December quarter of 2018-19 fiscal from 4,225 units in the year-ago period.

PropTiger.com, part of Singapore-based Elara Technologies that also owns Housing.com and Makaan.com, Wednesday released its 'Realty Decoded Report' for Q3 of FY'19.

The study covered nine cities -- Mumbai, Pune, Noida, Gurugram, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad.

Overall, sales rose by 30 per cent in nine cities to 73,691 units during October-December quarter of 2018-19 fiscal compared to 56,696 units in the year-ago period.

"As per the report, a total of 73,691 units were sold in Q3 FY19 in the top nine cities, 8 per cent lower as ...