These Locations Saw the Highest New Supply in Q1 2024: Check Out the Details Housing.com
The residential market of the country continued its growth momentum even as it entered the new year 2024 with the first quarter sales clocking a robust 41 per cent increase year-on-year. It also saw around 1 lakh new housing units launched during Q1 2024 across the leading eight cities. Although a significant amount of pent-up supply was released during the first two years following the pandemic, the pace has somewhat slowed down, evident by a 30 percent decrease in new properties compared to the same period last year. However, it is important to note that this trend is observed only during the mentioned quarter. With developers actively positioning themselves in the top eight cities, it is anticipated that the next wave of new supply will enter the market in the latter half of the year.
