New Delhi: As the Covid-19 pandemic and the consequent lockdowns brought a halt to economic activities, housing sales across major cities in India plunged 54 per cent to 59,538 units during the first half of 2020, according to a report by Knight Frank India.

During the corresponding period of last year, a total of over 1.29 lakh units were sold across the top eight cities.

“Two years of stagnant, albeit steady, demand, total sales in the eight markets under our coverage fell by a massive 54 per cent YoY (year-on-year) to a decadal low of 59,538 units during H1 2020,” said the report.

As per the report, new launches fell the most in H1 2020 – compared to any period during this decade – at 46 per cent, to 60,489 units.

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