After that, sales began plummeting and there are no clear revival signs. Chennai saw average sales decline by 45%. In 2013, Chennai sold 24,700 units, and the following year, the number came down to 23,000 units. In India, residential unit sales have dropped by around 40% from the average of 2013-2014 to 2017. On an average, only 2.7 lakh units were sold across the top seven cities during this period, recording a significant drop of 17% from the average sales of 2013-14.

Source: The Hindu March 19, 2018 19:41 UTC