GET https://rct.dev.bbntimes.com/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020

Response
200 OK
IP
216.73.216.222
Profiled on
Token
567c09

ArticleController :: show

Request

GET Parameters

None

POST Parameters

None

Uploaded Files

None

Request Attributes

Key Value
_controller 
"App\Controller\ArticleController::show"
_firewall_context 
"security.firewall.map.context.main"
_links 
Symfony\Component\WebLink\GenericLinkProvider {#3597
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    3714 => Symfony\Component\WebLink\Link {#3714
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    }
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    }
    3710 => Symfony\Component\WebLink\Link {#3710
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    3708 => Symfony\Component\WebLink\Link {#3708
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      ]
      -attributes: [
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    3707 => Symfony\Component\WebLink\Link {#3707
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      -attributes: [
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    3706 => Symfony\Component\WebLink\Link {#3706
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    3705 => Symfony\Component\WebLink\Link {#3705
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      -attributes: [
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_route 
"article_show"
_route_params 
[
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]
_security_firewall_run 
"_security_main"
_stopwatch_token 
"21fb62"
category 
"financial"
slug 
"covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"

Request Headers

Header Value
accept 
"*/*"
accept-encoding 
"gzip, br, zstd, deflate"
connection 
"close"
cookie 
"PHPSESSID=c7tcsed44cgqntg0d26hgka95u"
host 
"rct.dev.bbntimes.com"
user-agent 
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
x-php-ob-level 
"1"

Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control 
"no-cache, private"
content-type 
"text/html; charset=UTF-8"
date 
"Sat, 31 May 2025 02:48:52 GMT"
link 
"</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style""
x-debug-token 
"567c09"

Cookies

Request Cookies

Key Value
PHPSESSID 
"c7tcsed44cgqntg0d26hgka95u"

Response Cookies

No response cookies

Session 6

Session Metadata

Key Value
Created 
"Sat, 31 May 25 02:47:17 +0000"
Last used 
"Sat, 31 May 25 02:48:51 +0000"
Lifetime 
0

Session Attributes

Attribute Value
_csrf/https-comment 
"MpuAifC9pdMzwKpbLWs-M-nmHCao9AHh6C5S4bSgn2c"
_csrf/https-cookie_accept 
"eibYc1Mon2bmXU7fO24bVtJ1anwlSOZq8xa83u-dQMk"

Session Usage

6 Usages
Stateless check enabled
Usage
Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:76
Show trace 
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
Show trace 
[
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:52
Show trace 
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:56
Show trace 
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 181
    "function" => "show"
    "class" => "App\Controller\ArticleController"
    "type" => "->"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 76
    "function" => "handleRaw"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/Kernel.php"
    "line" => 197
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
    "type" => "->"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/runtime/Runner/Symfony/HttpKernelRunner.php"
    "line" => 35
    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\Kernel"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    "line" => 29
    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
    "type" => "->"
  ]
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
    "line" => 5
    "args" => [
      "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    ]
    "function" => "require_once"
  ]
]
Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
Show trace 
[
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/security-core/Authentication/Token/Storage/UsageTrackingTokenStorage.php"
    "line" => 41
    "function" => "getMetadataBag"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/twig-bridge/AppVariable.php"
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    "function" => "getToken"
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    "function" => "twig_get_attribute"
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    "function" => "handle"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/twig/twig/src/TemplateWrapper.php"
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    "function" => "doRender"
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  [
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
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    "function" => "show"
    "class" => "App\Controller\ArticleController"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
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    "function" => "handleRaw"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/Kernel.php"
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    "function" => "handle"
    "class" => "Symfony\Component\HttpKernel\HttpKernel"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/runtime/Runner/Symfony/HttpKernelRunner.php"
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    "function" => "handle"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
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    "function" => "run"
    "class" => "Symfony\Component\Runtime\Runner\Symfony\HttpKernelRunner"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
    "line" => 5
    "args" => [
      "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/autoload_runtime.php"
    ]
    "function" => "require_once"
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]
Symfony\Component\Security\Http\Firewall\ContextListener:171
Show trace 
[
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/security-http/Firewall/ContextListener.php"
    "line" => 171
    "function" => "remove"
    "class" => "Symfony\Component\HttpFoundation\Session\Session"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/Debug/WrappedListener.php"
    "line" => 116
    "function" => "onKernelResponse"
    "class" => "Symfony\Component\Security\Http\Firewall\ContextListener"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 220
    "function" => "__invoke"
    "class" => "Symfony\Component\EventDispatcher\Debug\WrappedListener"
    "type" => "->"
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  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/event-dispatcher/EventDispatcher.php"
    "line" => 56
    "function" => "callListeners"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
    "type" => "->"
  ]
  [
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    "function" => "dispatch"
    "class" => "Symfony\Component\EventDispatcher\EventDispatcher"
    "type" => "->"
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    "function" => "dispatch"
    "class" => "Symfony\Component\EventDispatcher\Debug\TraceableEventDispatcher"
    "type" => "->"
  ]
  [
    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
    "line" => 202
    "function" => "filterResponse"
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    "type" => "->"
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    "file" => "/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/vendor/symfony/http-kernel/HttpKernel.php"
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Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV 
"dev"
APP_SECRET 
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN 
"*"
DATABASE_URL 
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY 
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY 
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN 
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD 
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG 
"1"
BASE 
"/public"
CONTEXT_DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX 
""
DOCUMENT_ROOT 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE 
"RESPONDER"
GATEWAY_INTERFACE 
"CGI/1.1"
HTTPS 
"on"
HTTP_ACCEPT 
"*/*"
HTTP_ACCEPT_ENCODING 
"gzip, br, zstd, deflate"
HTTP_CONNECTION 
"close"
HTTP_COOKIE 
"PHPSESSID=c7tcsed44cgqntg0d26hgka95u"
HTTP_HOST 
"rct.dev.bbntimes.com"
HTTP_USER_AGENT 
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
PATH 
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF 
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX 
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI 
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING 
""
REDIRECT_BASE 
"/public"
REDIRECT_HTTPS 
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_HTTPS 
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY 
"0"
REDIRECT_REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
REDIRECT_REDIRECT_SCRIPT_URL 
"/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
REDIRECT_REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS 
"200"
REDIRECT_REDIRECT_UNIQUE_ID 
"aDpuE9ex0iebahazj_CqagAAAAw"
REDIRECT_SCRIPT_URI 
"https://rct.dev.bbntimes.com/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
REDIRECT_SCRIPT_URL 
"/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
REDIRECT_SSL_TLS_SNI 
"rct.dev.bbntimes.com"
REDIRECT_STATUS 
"200"
REDIRECT_UNIQUE_ID 
"aDpuE9ex0iebahazj_CqagAAAAw"
REDIRECT_URL 
"/public/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
REMOTE_ADDR 
"216.73.216.222"
REMOTE_PORT 
"17427"
REQUEST_METHOD 
"GET"
REQUEST_SCHEME 
"https"
REQUEST_TIME 
1748659731
REQUEST_TIME_FLOAT 
1748659731.958
REQUEST_URI 
"/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
SCRIPT_FILENAME 
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME 
"/public/index.php"
SCRIPT_URI 
"https://rct.dev.bbntimes.com/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
SCRIPT_URL 
"/financial/covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
SERVER_ADDR 
"5.196.1.209"
SERVER_ADMIN 
"[no address given]"
SERVER_NAME 
"rct.dev.bbntimes.com"
SERVER_PORT 
"443"
SERVER_PROTOCOL 
"HTTP/1.1"
SERVER_SIGNATURE 
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE 
"Apache"
SSL_TLS_SNI 
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS 
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Sub Requests 6

CookieController :: renderAnalysis (token = 9f41b4)

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ArticleController :: trendingArticle (token = ba2937)

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ArticleController :: relatedArticles (token = 6f621c)

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current_article 
App\Entity\Article {#1094
  -id: 5774
  -title: "COVID-19 Effect: Housing Sales, New Launches Dip 42% Each in Q1 2020"
  -slug: "covid-19-effect-housing-sales-new-launches-dip-42-each-in-q1-2020"
  -introtext: """
    <ul>\r\n
    <li><span style="color: #000000;"><em>Residential sales stood at 45,200 units in Q1 2020 against 78,510 units in Q1 2019 across top 7 cities; quarterly drop of 24%</em></span></li>\r\n
    <li><span style="color: #000000;"><em>Nearly 41,200 new units launched in Q1 2020 against 70,480 units in Q1 2019; min. 21% q-o-q drop in new supply</em></span></li>\r\n
    <li><span style="color: #000000;"><em>Hyderabad sees highest yearly drop of 50% in residential sales – from 5,400 units in Q1 2019 to approx. 2,680 units in Q1 2020; other cities witness similar declining trends</em></span></li>\r\n
    <li><span style="color: #000000;"><em>For new launches, MMR &amp; Pune record maximum y-o-y drop of 61% &amp; 56% respectively; Chennai &amp; Kolkata’s new launches increase by 16% &amp; 8% respectively</em></span></li>\r\n
    <li><span style="color: #000000;"><em>Despite the gloom, developers able to shed their unsold inventory by 3% y-o-y - from 6.65 lakh units in Q1 2019 to 6.44 lakh units in Q1 2020</em></span></li>\r\n
    </ul>\r\n
    """
  -content: """
    \r\n
    <p><span style="color: #000000;"><strong>Mumbai, 26 March 2020:&nbsp;</strong>As anticipated,<strong>&nbsp;</strong>the<strong>&nbsp;</strong>Covid-19 pandemic had considerable impact on the Indian housing sector. Residential sales saw a&nbsp;<strong>42% y-o-y drop</strong>&nbsp;in the first quarter of 2020, reveals the latest data by ANAROCK. In Q1 2020, residential sales in the top 7 cities stood at 45,200 units, against 78,510 units a year ago. On q-o-q basis, housing sales fell by 24%.</span></p>\r\n
    <p><span style="color: #000000;">Meanwhile,&nbsp;<strong>new launches too fell by 42%</strong>&nbsp;annually - from 70,480 units in Q1 2019 to approx. 41,200 in Q1 2020. Q-o-q supply also declined by approx. 21%. Yearly trends indicate that MMR and Pune recorded the maximum y-o-y drop of housing supply - by 61% and 56% respectively - while Chennai and Kolkata actually displayed positive trends with nearly 16% and 8% yearly rise.</span></p>\r\n
    <p><span style="color: #000000;"><strong>Anuj Puri, Chairman – ANAROCK Property Consultants</strong>&nbsp;says, “Given the ongoing global healthcare calamity, it’s no surprise that housing sales and new project launches across India’s top 7 cities decreased both on yearly and quarterly basis. As expected, monthly data trends reveal that March – the month when most advisories and lockdown were imposed - saw a steep decline in both new launches and housing sales against the preceding two months.”</span></p>\r\n
    <p><span style="color: #000000;">“The Government has taken an inarguably necessary hard-line stance to curtail the spread of the virus. The lockdowns have stalled construction activity and will lead to project delays in the future, but this is a reality the sector must accept and live with.”</span></p>\r\n
    <p><span style="color: #000000;">Perhaps the only silver lining is that developers were able to shed nearly 3% of their unsold inventory in a year – from 6.65 lakh units in Q1 2019 to over 6.44 lakh units in Q1 2020. On a quarterly basis, the decline was just 1%.</span></p>\r\n
    <h2><span style="color: #10228b;"><strong>New Launch Overview - Q1 2020</strong></span></h2>\r\n
    <p><span style="color: #000000;">The top 7 cities saw around 41,200 new units launched in Q1 2020, as opposed to 70,480 units in the corresponding period of 2019 and 51,850 units in Q4 2019.</span></p>\r\n
    <p><span style="color: #000000;">The key cities contributing to new unit launches in Q1 2020 included MMR (Mumbai Metropolitan Region), Bengaluru, Pune, and NCR - together accounting for 80% of unit additions.</span></p>\r\n
    <ul>\r\n
    <li><span style="color: #000000;"><strong>MMR</strong>&nbsp;saw the launch of approx.&nbsp;<strong>10,480</strong>&nbsp;units –&nbsp;a&nbsp;<strong>decline of nearly 25%</strong>&nbsp;from Q4 2019. Over 69% of the new supply was in the sub INR 80 lakhs budget segment. Last year in Q1 2019, new launches stood at 26,850 units – a yearly decline of 61%.</span></li>\r\n
    <li><span style="color: #000000;"><strong>Bengaluru</strong>&nbsp;added approx.&nbsp;<strong>8,600</strong>&nbsp;units in Q1 2020 - a quarterly decrease of 18%. Over 87% of new supply was in the sub INR 80 lakh price bracket. The city’s yearly decline stood at 5%.</span></li>\r\n
    <li><span style="color: #000000;"><strong>Pune</strong>&nbsp;added approx.&nbsp;<strong>7,790</strong>&nbsp;new units in Q1 2020, compared to 9,550 units in Q4 2019 - a&nbsp;<strong>drop of 19%.</strong>&nbsp;The new supply a year ago was approx. 17,520 units – a decline of 56% y-o-y.</span></li>\r\n
    <li><span style="color: #000000;"><strong>NCR</strong>&nbsp;added approx.&nbsp;<strong>6,190</strong>&nbsp;new units in Q1 2020, a quarterly&nbsp;<strong>decrease of 22%.</strong>&nbsp;Approx. 64% of the new supply in this quarter was in the affordable segment. Last year, the new supply was 8,030 units in the same period.</span></li>\r\n
    <li><span style="color: #000000;"><strong>Hyderabad</strong>&nbsp;saw new launches&nbsp;<strong>drop by 11%</strong>&nbsp;over the previous quarter, with approx.&nbsp;<strong>3,380</strong>&nbsp;units launched in Q1 2020. The yearly<strong>decline was 30%</strong>.</span></li>\r\n
    <li><span style="color: #000000;"><strong>Chennai</strong>&nbsp;added approx.&nbsp;<strong>3,680</strong>&nbsp;units in Q1 2020, a quarterly&nbsp;<strong>increase of 8%</strong>&nbsp;over the previous quarter. Interestingly, on&nbsp;<strong>yearly basis, it saw a rise of 16%.</strong></span></li>\r\n
    <li><span style="color: #000000;"><strong>Kolkata</strong>&nbsp;added only approx.&nbsp;<strong>1,100</strong>&nbsp;units in Q1 2020 - a significant&nbsp;<strong>decrease of 59%</strong>&nbsp;over Q4 2019. Approx. 52% of new supply was in the affordable segment. However, on yearly basis, new launches&nbsp;<strong>increased by 8%.</strong></span></li>\r\n
    </ul>\r\n
    <p><img src="/images/articles/companies/City_Wise_Supply.png" alt="City Wise Supply" width="671" height="288" /></p>\r\n
    <p><span style="color: #000000;"><em>Source: ANAROCK Research</em></span></p>\r\n
    <h2><span style="color: #10228b;"><strong>Housing Sales Overview - Q1 2020</strong></span></h2>\r\n
    <p><span style="color: #000000;">Around&nbsp;<strong>45,200&nbsp;</strong>units were sold in Q1 2020 – a&nbsp;significant&nbsp;<strong>decline of 42% y-o-y</strong>, and of&nbsp;<strong>24% over the preceding quarter</strong>&nbsp;due to the COVID-19 pandemic. NCR, MMR, Bengaluru and Pune together accounted for 84% of the sales in the first quarter of the year.</span></p>\r\n
    <ul>\r\n
    <li><span style="color: #000000;"><strong>Kolkata</strong>&nbsp;recorded a significant drop in sales in this quarter as compared to the other top cities. City sales&nbsp;<strong>decreased by 25%</strong>&nbsp;- from 3,260 units in Q4 2019 to 2,440 units in Q1 2020 - a significant drop of 39% in a year.</span></li>\r\n
    <li><span style="color: #000000;"><strong>MMR</strong>&nbsp;and&nbsp;<strong>NCR</strong>&nbsp;also recorded a significant decrease in sales in this quarter vis-à-vis the other top cities. Sales in both regions<strong>decreased by 24%&nbsp;</strong>each over the previous quarter, clocking in at approx. 8,150 and 13,910 units respectively. As compared to previous year,&nbsp;<strong>housing sales in MMR reduced by 42%</strong>&nbsp;and by&nbsp;<strong>41% in NCR</strong>.</span></li>\r\n
    <li><span style="color: #000000;">Sales in&nbsp;<strong>Bengaluru</strong>,&nbsp;<strong>Pune</strong>&nbsp;and&nbsp;<strong>Hyderabad</strong>&nbsp;<strong>decreased by 23%</strong>&nbsp;each over the previous quarter, with approx. 8,630 units, 7,200 units, and 2,680 units respectively. On yearly basis, the&nbsp;<strong>decline</strong>&nbsp;in the three major IT hubs stood at&nbsp;<strong>45%, 42%</strong>&nbsp;and&nbsp;<strong>50</strong>% respectively.</span></li>\r\n
    <li><span style="color: #000000;"><strong>Chennai</strong>&nbsp;saw sales of approx. 2,190 units - a&nbsp;<strong>decline of 21%</strong>&nbsp;over Q4 2019, and by&nbsp;<strong>36% annually</strong>&nbsp;(since Q1 2019).</span></li>\r\n
    </ul>\r\n
    <p><img src="/images/articles/companies/City_Wise_Absorption__Percentage_Change.png" alt="City Wise Absorption Percentage Change" width="669" height="369" /></p>\r\n
    <h2><span style="color: #000000;"><strong><br /></strong></span><span style="color: #10228b;"><strong>Unsold Inventory till Q1 2020</strong></span></h2>\r\n
    <p><span style="color: #000000;">With new supply and housing sales remaining subdued in the quarter,&nbsp;<strong>unsold inventory saw a marginal decline of 1%&nbsp;</strong>on a quarterly basis - from 6.48 lakh units in Q4 2019 to 6.44 lakh units by Q1 2020, and&nbsp;<strong>3% y-o-y</strong>&nbsp;- from 6.65 lakh units in Q1 2019 to 6.44 lakh units by Q1 2020.&nbsp;</span></p>\r\n
    <p><span style="color: #000000;"><strong>Bengaluru</strong>&nbsp;and&nbsp;<strong>Kolkata</strong>&nbsp;witnessed the&nbsp;<strong>highest yearly reduction</strong>&nbsp;in unsold inventory with&nbsp;<strong>6%</strong>&nbsp;each from Q1 2019 to Q1 2020. However, unsold inventory&nbsp;<strong>increased by 10% in Chennai&nbsp;</strong>in the same period.</span></p>\r\n
    <p><img src="/images/articles/companies/City-Wise_Unsold_Inventory.png" alt="City Wise Unsold Inventory" width="654" height="378" /></p>\r\n
    <h2><span style="color: #10228b;"><strong>Price Movements</strong></span></h2>\r\n
    <p><span style="color: #000000;">Residential property prices across the top cities&nbsp;<strong>remained stagnant</strong>&nbsp;in Q1 2020 over the previous quarter. On yearly basis too, there was no price movement.</span></p>\r\n
    <p><img src="/images/articles/companies/City_Level_Price_Trend.png" alt="City Level Price Trend" width="650" height="281" /></p>\r\n
    <p><span style="color: #000000;">&nbsp;<em>Source: ANAROCK Research</em><strong style="background-color: inherit; color: inherit; font-family: inherit; font-size: 1rem;">&nbsp;</strong></span></p>
    """
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