Home sales

Home sales, new launches dropped in Kolkata

Home sales, new launches dropped in Kolkata

The real estate market in Kolkata continues to show decline in housing sales as well as new supply as it continues to reel under the impact of a demand showdown. According to a recent report by online real estate company PropTiger.com, new launches in Kolkata declined 50% year on year in Q12022 that is less than a thousand units were launched in Kolkata during the quarter. Home sales dipped 15% YoY in the January-March period of 2022, shows the report, titled Real Insight Residential–January-March 2022. Only 2,860 homes were sold in Kolkata during the three-month period. This decline in sales…
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