Bengaluru saw the sharpest sales growth of 27%, followed by Delhi NCR (8%) on stronger sales traction in Noida and Greater Noida. Around 60% of homes launched in 2018 were priced below ₹50 lakh, Knight Frank said. Bengaluru saw the sharpest sales growth of 27%, followed by NCR (8%) on the back stronger sales traction in Noida and Greater Noida. “Sales in the third quarter of 2018 rose by 15% but it contracted by 16% in the following quarter post the NBFC crisis,”said Arvind Nandan, executive director (research), Knight Frank India. The effects of the NBFC crisis will spill over to the next few quarters of 2019 both in demand and supply, according to Shishir Baijal, chairman and managing director, Knight Frank.

Source: Mint January 08, 2019 22:52 UTC