ANAROCK Property Consultants

ANAROCK Property Consultants

New Luxury Housing Supply Triples in 2 Years Since Currency Demonetisation

New Luxury Housing Supply Triples in 2 Years Since Currency Demonetisation

Along with the resale homes market, luxury housing took the hardest hit after demonetization. The Government’s continued focus on affordable housing coupled with the surgical strike on high-value currency denominations in November 2016 took the sheen off luxury housing for two years in a row. As a result, developers restricted new supply in the luxury category across the top 7 cities.

However, ANAROCK's most recent research indicates that while the affordable and mid-segment housing sectors continued to dominate the overall supply in H1 2019, luxury and ultra-luxury housing also saw a resurgence.

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