New residential project launches in India

Q: How was the new residential project launches in India? I heard there was a decline in project launches. Is that true?

Kalki K,

13th December 2013

Real estate News in Bangalore

residential projects in india

project launches

new housing units

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Replies (8)

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14th December 2013

Comment

Southern regions such as Bangalore, Hyderabad and Chennai too are following into the foot steps of Mumbai and Delhi. All these three regions saw no change in capital appreciation over the last quarter. Kolkata was the only prime real estate region in India which saw the highest increase in property prices in the last quarter with 4% appreciation.

Dwarkesh,

13th December 2013

Comment

According to real estate consultants, real estate markets may witness price appreciation if enough projects are launched with attractive pricing. This will break the current wait-and-watch pattern and bring vibrancy to the otherwise stagnant market, which can lead to price appreciation.

Amreesh Murugan,

13th December 2013

How much property prices appreciation Mumbai has seen during the third quarter of 2013?

Joydeep D,

13th December 2013

Comment

Mumbai saw a marginal increase of 3% in property prices during the third quarter of 2013 compared to the second quarter. Mumbai is suffering from issues such as expensive housing and limited new project launches. Most of the project launches are in the high-end segment, where there is limited demand. Launches in the low and mid-segment are very limited while the projects remain expensive. This has affected the price appreciation here

Praveen Modi, Mumbai

13th December 2013

Indian real estate markets see low price appreciation in third quarter In 2013. How much true is the statement?

Joydeep D,

13th December 2013

Comment

Prime realty markets in India such as Mumbai and Delhi NCR witnessed a marginal increase in property prices in the third quarter this year. This is majorly due to lack of new launches as well as a cautious approach of buyers towards the realty sector.

Dwarkesh,

13th December 2013

Most locations that saw a significant increase in capital values are established markets in the residential property segment. Ironically, these regions saw limited property launches despite the increasing demand from end-users as well as investors.

Dwarkesh,

13th December 2013

Comment

According to Cushman and Wakefield, both developers and buyers are taking cautious approach this year towards residential real estate due to the current economic environment. Developers in most cities are also more focused on clearing the existing inventory before coming up with new launches.

Abhishek,

13th December 2013

Hello Everyone, I read that Bangalore saw the highest growth at 15% while Mumbai saw a growth of 6%. Kolkata saw a 3% rise in the units launched this year. The number of new home launches recorded in Bangalore is approximately 49,300 flats in 2013.

Harmeet Kaur,

13th December 2013

Comment

Which area in Bangalore saw highest price appreciation this year?

Kalki K,

13th December 2013

Bangalore, specifically Central Bangalore, saw the highest price appreciation this year with an increase of 50% in capital value in the mid-end property segment. The capital value in Central Bangalore is approximately between Rs. 9,000 – 12,000 per sq.ft

Amreesh Murugan,

13th December 2013

Among these eight cities, which city has seen the highest decline in new project launches.

Kalki K,

13th December 2013

Comment

Chennai saw the highest decline in new project launches at 39% followed by National Capital Region with 33% decline in new home launches. Pune saw a decline of 20% while Ahmedabad and Hyderabad recorded a decline of 5% and 3% respectively. Mumbai and Delhi (NCR) together accounted for almost 65% of the overall launches.

Abhishek,

13th December 2013

The total number of new housing units launched in the eight major cities till now in 2013 saw a decline of 12% compared to the year 2012. The number of launches this year across these cities was recorded to be approximately 1.72 lakhs.

Amreesh Murugan,

13th December 2013

Comment

Yes Kalki and Amreesh, You are right, eight major cities taken into consideration include National Capital Region (NCR), Mumbai, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Ahmedabad. In 2012, the total number of launches in these cities was approximately 1,96,800 units.

Abhishek,

13th December 2013