Real estate sales fall to seven-year low as less Indians are buying homes

Posted by Staff Reporter on Jan 16, 2018 10:04 AM EST
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Real estate sales fall to seven-year low as less Indians are buying homesmore big
Real estate sales fall to seven-year low as less Indians are buying homes

Even plummeting prices haven’t been able to entice India’s home-buyers.

Home purchases in the country fell to a seven-year low in 2017 despite sliding prices, according to real estate consultancy firm Knight Frank. A new tax regime and a regulation introduced last year have pummelled a sector already reeling under the aftermath of demonetisation in late 2016.

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