New housing launches increase 27% in Q1 across top 7 Indian cities: Report
Unsold inventory decreased by 2% from 7.27 lakh units in Q4 2017 to 7.11 lakh units by Q1 2018. Sales across top 7 cities of India rose 12% compared to Q4 of 2017, as new rules brought transparency, accountability and financial discipline in this space
Housing: Key cities contributing to Q1 2018 new unit launches included MMR (Mumbai Metropolitan Region), Bengaluru and Kolkata, altogether accounting for 66% of addition, the report said. Image source: Reuters