Lower house prices, affordable housing in these cities.

According to the report, the demand for houses remains sluggish even after the ban on bondage. In the last 18 months, prices have gone up to 20 per cent correction, but demand for houses has not increased in spite of this.

House rate

In the eight major cities of the country, the sale of homes has fallen 35 percent in the July-September quarter. A research company report says that demand in the property market remains sluggish. It said that in the third quarter of 2017, 22,699 residential units were sold in eight cities. This was 34,809 units in the previous quarter. These eight cities include Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru and Chennai. It is believed that prices have also fallen.

According to the report, "The demand for housing units in major cities declined by 35 percent to 22,699 units, which was 34,809 units in the previous quarter. This situation was created due to the shortage of new projects. "It has been said that the current quarter is expected to accelerate demand.

In Delhi-NCR, only in the first half of 2017, the sale of houses has fallen by 26%. According to the report of Knight Frank India, the demand for houses remains sluggish even after the ban on bondage. In the last 18 months, prices have gone up to 20 per cent correction, but demand for houses has not increased in spite of this. Stocks of Unsold homes in Delhi-NCR's proprietary market remained at 1.8 lakh units. This is the highest in the country. Developers can take up to four and a half years to sell it.

Knight Frank India has said that 17,188 units were sold in the first half of 2017, compared to 23,092 units sold in the same period a year ago. In this way, it shows a decline of 26 per cent. In comparison to the earlier six months, there has been a slight increase of 2 per cent in sales of homes. The industry had to face the lowest half-sales after the note-downs.

Knight Frank India executive director Ghulam Jiya said, "NCR market is constantly falling prey to declines. The NCR Housing Market is going through a bad phase.