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As per the data, the fresh supply of housing properties declined to 69,143 units during January-March 2024 from 81,167 units in the year-ago period. Among cities, the new supply increased in Bengaluru to 8,848 units from 7,777 units.
As per the data, the fresh supply of housing properties declined to 69,143 units during January-March 2024 from 81,167 units in the year-ago period.
Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities.
In the wake of the pandemic, experts say that the residential real estate sector saw renewed demand from institutional investors, despite economic global headwinds. The pandemic became a game changer to shift homebuyers' sentiments towards the Indian housing sector.
In the last couple of years, the residential market has come out of a long period stagnancy in prices. Attracted by the prospect of capital gains, the residential market is currently witnessing huge participation from investors, according to international property consultant Cushman & Wakefield.