The residential unit absorption numbers in the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) have dropped as compared to last year’s numbers, while Bengaluru has performed better among the three key cities, according to a research report.
Samir Jasuja, Founder and Chief Executive Officer of PropEquity, said, “Although the take up rates in NCR and MMR have improved as compared to the performance in first quarter of 2012, yet the dropping numbers still indicate towards the downside risks looming over the market. Between January to August 2012, the NCR market has seen a drop of 42% and the MMR market has seen 34% lesser sales when compared to last year’s sales figures pertaining to the same time period. Hence, developers are laying more stress on offloading their inventories this festive season. A few have even launched new projects in the luxury segment to get the best out of customers in this upbeat environment.”
http://property.sulekha.com/realty-absorption-rates-in-key-cities-continue-to_news-1934
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