Launch of new properties rises in South India in Q3: Report
Bucking the larger trend of subdued launches ...
Bucking the larger trend of subdued launches across the country, major markets in South India witnessed an increase in the launches of new residential properties during July-September quarter, a PropEquity report said in December.
“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,” it said. In Hyderabad, around 4,700 residential units were launched during the period under review which the report said is around 1.3 times the launches in the previous quarter. The supply also increased by 22 per cent on a year-on-year (YoY) basis.