Housing sales down in seven major Indian cities including Chennai

According to a recent research, it was found that housing sales in seven major Indian cities have decreased by nearly 40% last year. ANAROCK, a property consultant analysed that housing sales in Chennai, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune, Kolkata, Hyderabad and Bengaluru have declined to 40% last year compared to 2013 and 2014. According to ANAROCK, an average of 3.3 lakh units was sold in the years 2013 and 2014, but only 2,02,800 units were sold in 2017.