IRCTC IPO has become the best performing IPO in the last three years as the railways operator listed on stock markets at INR 685.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
Collectively, NCR saw new supply of 5,790 units in Q3 2019 as against 4,200 units a year ago and nearly 13,570 units in the preceding quarter of Q2 2019. If we break it city-wise:
Indian real estate sector witnessed nearly 20% decline in sales in seven major cities. However, the prices have been stable as new supply declined by 34% as compared to the same period last year.
Indian real estate sector has been witnessing decline over last few years. However, the latest report suggests that 20% decline in housing sales have been offset by 34% decline in new launches.
Indian real estate sector has witnessed decline in sales and prices have remained stagnant over the last few years.
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