Sales in NCR and Mumbai grew by 24.5% and 23.6% respectively during the quarter. New applications, however, for home loans started growing from January which saw 21% growth over December. The contribution of affordable segment to overall sales in tier-I cities increased to 16% from 15% in October-December quarter. MMR and Bengaluru saw negligible changes in unsold supply.Weighted average price across tier-I cities witnessed a marginal decline on sequential basis. In Pune, Hyderabad, Kolkata, and NCR, prices dropped marginally by 1%.

Source: Economic Times May 11, 2017 19:24 UTC