NEW DELHI, April 13 -- Defying previous election year trends when sales and new launches remained muted during this period, Q1 2019 saw both housing sales and new supply rise due to multiple Government sops in the first three months of 2019. ANAROCK Property Consultants' data shows that housing sales rose by 12% and new residential supply by 27% q-o-q due to sops in the interim budget, GST rate cuts and lowering of home loan rates post RBI's recent repo rate cut.
Of the total new supply, affordable housing saw the maximum share at 44%. However, overall unsold inventory across the top cities saw a meagre 1% decline in Q1 2019 over the previous quarter. Unsold housing stock stands at 6.65 lakh units as of Q1 2019.
Pune and MMR were the top ...