Home sales drop to seven-year low in 2017: report
Volumes down 7% year-on-year at 228,072 houses sold, a decline of 38% from peak of 368,568 in 2011
Regulatory changes, high levels of unsold inventories and weak consumer sentiment have led to a sharp fall in home sales and launches last year as developers scrambled to complete projects, according to the latest report by property consultant Knight Frank India.
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