Housing sales down 75% due to Covid-19 pandemic

NEW DELHI: Housing sales are estimated to have plunged by around 75 per cent after the outbreak of the coronavirus Pandemic, forcing developers to offer discounts and better payment plans to boost sales,property brokerage firm 360 Realtors said on Saturday.Addressing a virtual press conference, 360 Realtors founder and MD Ankit Kansal said the company sold 400 units during April, 33 per cent lower as compared to the same month last year. Nearly half of the sales were driven by NRIs.