Unit sales in NCR dropped around 45% to 26,344 units in CY20 over last year, according to the report. The sales value was also lower by a similar percentage at Rs 17,145 crore in CY20
In tier-I cities, property enquires have increased by 15-20 percent and nearly 70 percent of them are for ready-to-move-in properties.
The foreign direct investment (FDI) in the retail sector has been in the backburner for a long time now. Nikhil Chaturvedi, managing director of Provogue believes that the FDI in retail will focus on Tier 1 cities and this thought excites a lot of participation.