New home launches up by 27% in March quarter
Launches of new homes jumped 27% to 31,200 units in eight major cities in the quarter ended March, property consultant Cushman & Wakefield said. The affordable housing segment accounted for 35% of the news launches in the eight cities (Delhi-NCR, Mumbai, Bengaluru, Kolkata, Chennai, Hyderabad, Pune, and Ahmedabad). Further, launch prices fell 35% in Mumbai, while rising 20% in Bengaluru.