!['Sale of residential units in city drops by 44% in two quarters' 'Sale of residential units in city drops by 44% in two quarters'](https://cdn.magzter.com/1574404609/1718231115/articles/TsKCVuboiZLQmSq85SMsys/SALE-OF-RESIDENTIAL-UNITS-IN-CITY-DROPS-BY-44-IN-TWO-QUARTERS.jpg)
"Only 2,983 units were sold in the first quarter of 2024 in Chennai with CREDAI members accounting for 89% of the sales. This is a 44% decline from the 5,332 units sold in the fourth quarter of 2023. The frequent changes in registration charges and a lack of clear directives dispirited the potential buyers to a large extent," Mohamed Ali, President of CREDAI-Chennai said.
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