Residential sales on the decline in IT hubs

After a moderate sales growth in the first quarter of 2024, infotech hubs of Pune, Hyderabad and Bengaluru are seeing decline or even flat growth in residential property sales during the current quarter.

While Hyderabad and Pune have seen the highest decline among the top cities at 20% and 15%, respectively, sales remained flat in Bengaluru, according to data by PropEquity. In the January-March quarter, Bengaluru, Hyderabad and Pune saw growth of 6%, 18% and 1%, respectively.