ndtvprofit.com-Buyers Of Newly-Launched Housing Units On The Rise; Bengaluru And Chennai Lead
In the Indian real estate market, 42% of the approximately 4.6 lakh homes sold in the top seven cities were new launches, according to a report released by real estate consultancy group Anarock.
This marks an increase as compared to 2023, when 40% of around 4.77 lakh units sold were fresh launches, it said.
Bengaluru and Chennai led the way in new supply absorption, with 53% of the total housing units sold in the two cities in 2024 being fresh launches, as per the report. A total of 65,230 housing units were sold in Bengaluru last year, whereas 19,220 units were sold in Chennai.
