Housing sales fell by 31 per cent while launches dipped 40 per cent in eight major cities during the December quarter, over previous three months, due to market uncertainty post-demonetisation, says a report.
The stock of unsold houses however fell marginally by 1 per cent to 4,53,592 units in Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru and Chennai from 4,59,067 units in the previous quarter, said PropEquity, a real estate data, research and analytics firm.