Demand and Supply Dynamics in major Indian cities: ANAROCK Property Consultants
Indian real estate sector is undergoing consolidation. Real estate developers are extra careful after inventory pile-up in the recent years. In major cities, the real estate sector is expected to pick up, especially in affordable housing.
NCR saw the highest increase in sales with a 36% yearly rise in affordable housing – from 12,400 units in 2017 to 16,840 units in 2018. In the first half of 2019, sales surpassed the overall 2017 numbers and stood at 12,930 units in budgeted segment
Pune saw a 15% increase in sales of budget homes in the same period – from 13,520 units in 2017 to 15,500 units in 2018. In H1 2019, affordable sales stood at 10,730 units. Among the major areas that saw maximum sales in 2019 in
These three cities together saw new launches of over 84,600 affordable housing units (
Chennai saw 12,730 units in the affordable housing segment hitting the market from 2017 until H1 2019.