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In nine major cities in India, residential sales have decreased by 23%, as high prices and a sluggish economy are blocking buyers.
According to a report by the Real Estate data company PropEquity, housing sales in nine major cities of India decreased by 23% year-on-year in the January-March quarter due to high property prices and an economic slowdown that made buyers more cautious. The sales volume for the quarter was 105,791 units, with only Bangalore and the capital region seeing a counter-trend growth of 10%. Weak demand led to a 34% reduction in new construction volume in the nine cities. "The Real Estate market is experiencing some adjustments after three consecutive years (2021-2023) of record supply," said Samir Jasuja, founder of PropEquity. He mentioned that in addition to high prices and
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