Financial Express-Buyers Choose New Over Ready Homes: Fresh launch sales hit 42% in 2024
With large and listed developers dominating the new launch housing supply across the top 7 cities, homebuyers are pressing the ‘buy’ button in newly-launched projects. Customer confidence is back with a bang and Indians are unhesitatingly picking lower prices (and higher ROI) over the instant gratification of ready or nearing completion homes, according to ANAROCK.
Latest ANAROCK data shows that over 42% of approx. 4.60 lakh homes sold in 2024 was in newly-launched projects – significantly up from pre-pandemic 2019’s sales share of 26% of approx. 2.61 lakh homes sold then.
