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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Launches of housing units in Jan-Mar down 34 pc in top 9 cities to nearly 81,000 units: PropEquity
PropEquity. There were 1,22,365 housing units launched in the year-ago period.
Real estate data analytics firm PropEquity data showed that new supply rose only in Bengaluru and fell in other cities.
As per the data, new housing supply in Bengaluru increased 17 per cent to 20,227 units in January-March from 17,303 units in the year-ago period.
However, in Chennai, the fresh supply fell 46 per cent to 3,946 units from 7,259 units.
New supply in Hyderabad declined 38 per cent to 8,773 units from 14,082 units.
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Kolkata saw a 62 per cent fall in new supply to 1,874 units from 4,964 units.
In Mumbai, the new supply halved to 6,359 units from 12,840 units.
Navi Mumbai, too, saw a dip of 24 per cent to 5,810 units from 7,616 units.
New homes supply in Pune fell 48 per cent to 12,479 units from 24,007 units.
In Thane, the new supply fell 50 per cent to 11,205 units from 22,595 units.
In Delhi-NCR new housing supply declined 14 per cent to 10,101 units in January-March 2025 from 11,699 units in the year-ago period.
Commenting on the data, Anjana Sastri, Director, Marketing of Bengaluru-based Sterling Developers, said the demand for luxury, gated communities, and large-scale developments continues to grow in Bengaluru.
«Bengaluru real estate market is also seen as a safe investment due to its strong rental yield potential, attracting not just homebuyers but also investors, further driving up housing supply,» Sastri said.
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