FCC

South surprises while north declined in launches

2019-12-24

The residential real estate of India reflected an interesting trend in the third quarter where the southern cities like Hyderabad, Bengaluru and Chennai witnessed an increase in the new launches as compared to the previous quarter.

In Hyderabad, there were approximately 4,700 units launched in Q3 which was approximately 1.3 times the launches in the previous quarter. The supply also increased by 22 per cent on a Y-o-Y basis. Similarly Bengaluru witnessed new launches of approximately 9,500 units in this quarter which increased by 41 per cent and 1 per cent on Q-o-Q and Y-o-Y basis. Chennai also witnessed an increase of 10 per cent and 8 per cent in new launches on quarterly and yearly basis respectively.

Kolkata has also witnessed a reviving trend in terms of new launches with a significant increase of approximately 62 per cent as compared to the last quarter.

CITIES	SUPPLY	Q-o-Q	Y-o-Y
Hyderabad	4,787	134%	22%
Kolkata	2,816	62%	-5%
Bengaluru	9,509	41%	1%
Chennai	2,749	10%	8%
Pune	6,341	-46%	-44%
Mumbai	1,862	-58%	-44%
Thane	4,490	-58%	-49%
Gurugram	80	-96%	0%
Noida	0	-100%	-100%