NEW DELHI: Housing sales fell 2.2 per cent to 1.58 lakh units in seven major cities last fiscal, but the market is expected to improve by next March on the back of lower interest rates and fall in prices, says a report.
Property consultant JLL India in its monthly report said housing sales in January-March period of 2016 rose by 9 per cent over the previous quarter.
Real estate market is facing a slowdown from the last 3-4 years leading to significant delays in completion of projects and protest by home buyers.