Luxury home sales muted; builders manage to sell only 45% of 13k units launched in 3 yrs: Report

Housing brokerage firm PropTiger, reported that only 5,926 luxury units have been sold till January this year, out of the 13,290 homes launched by developers across nine major cities during the last three calendar years (2017-2019). As per the data, 1,131 units were launched at a price above Rs 7 crore and only 554 have been sold.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3aZU3MR