Price Vs Sales Line of optimum velocity 3.92%
3.86%
9,716 8,442
7,962 2.55% 2.51%
7,658
5,326 6,179 5,354
6,028
2.18% 1.71%
2,690
Jan-05
Price Sales Velocity
1.19% 0.86%
Jun-08
Mar-10
1.39%
Jun-11
Source: Liases Foras
Most of the sales took place in late 2008/early 2009 as prices fell. However, now prices have exceeded the earlier peak and sales velocity has come down once again.The data is for Mumbai but this is the story everywhere, except Pune