New home launches declined in eight cities

Q: I have heard that new home launched have gone down but what is the percentage and which are these eight cities.

Kaushik Bardia,

5th November 2014

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Replies (3)

According to sources, the sharpest decline in launches was recorded in the affordable segment, which declined by 52 per cent in Q3 2014 as against Q3 2013.

Saran,

6th November 2014

Comment

Any idea which segment has seen the sharpest decline among the eight cities?

Kaushik Bardia,

6th November 2014

Comment

During July-September period the number of new launches declined by 21 per cent to 34,600 units in the eight major cities namely Delhi-NCR, Mumbai, Chennai, Kolkata, Pune, Hyderabad, Ahmedabad and Bangalore

Lewin G,

5th November 2014

Comment

Which city has faced the highest drop in new launches? What is the actual reason for the decline in number of new home launches?

Kaushik Bardia,

5th November 2014

Ahmedabad witnessing the maximum drop among the eight cities as property market in Ahmedabad continues to witness slowdown and a large number of units remain unsold.

Unit launches decreased as developers focused on completing existing projects and delayed new launches awaiting an increase in demand

Lewin G,

5th November 2014

After Ahmedabad, Delhi-NCR saw a decline of 54 per cent in new residential launches followed by Bangalore saw a fall of 27 percent and Mumbai 11 per cent. However, the launches of new homes increased in Kolkata, Pune, Chennai and Hyderabad.

Saran,

5th November 2014