- Kolkatasaw the launch of nearly 4,050 This is a significant rise of 59% from Q2 2018, and an increase of more than 500% from Q3 2017.
- MMRsaw the launch of approximately 19,850 units – a rise of 42% from Q2 2018.
- Hyderabadadded 4,150 units, a quarterly decline of 25%. Developers here are holding on to new projects in anticipation of the launch of much-awaited RERA web portal in Telangana to begin online registrations.
- Chennaisaw new supply increasing to 4,850 units – a rise of 15% from last quarter. Over 40% new supply was added in the lower-budget housing segment.
- NCR contributed only 8% of the total new supply with 4,200 units. This marked a decline of 50% of units from the previous quarter. The drop in Q3 2018 was because of developers’ focus on completing previously launched projects, as also the ongoing crisis of stalled or delayed projects in NCR. However, there may be new launches during the ongoing festive season.
- Bengaluruadded 7,175 units, a quarterly decrease of 18%. Interestingly, this is the only city which has maximum supply of units (nearly 55%) in the mid segment (Rs. 40-80 Lakh) other than lower-budget housing launches.
- MMRsaw the highest jump in sales this quarter, with sales increasing by 16% (from 15,750 units in Q2 2018 to 18,200 units in Q3 2018).
- Punesales rose by 11% (from 8,375 units in Q2 2018 to 9,300 units in Q3 2018).
- Bengalurusales rose by 10% (from 14,800 units in Q2 2018 to 16,250 units in Q3 2018).
- Chennai sales increased by 8% over the previous quarter with 2,925 units.
- Kolkatasales increased by 7% (from 4,025 units in Q2 2018 to 4,300 units in Q3 2018).
- NCRand Hyderabad sales increased by a mere 2% over the previous quarter with 11,350 and 4,850 units respectively.
- Residential property rates across the top cities remained stagnant in Q3 2018 compared to the previous quarter. Kolkata was an exception - property rates declined by around 1%. The considerable unsold stock in the market is keeping the ticket sizes range-bound.
- Lower-budget and mid segment housing continued to dominate, with 75% of unit launches (39,300 units) costing under Rs. 80 Lakh. The lower-budget segment comprised of a whopping 42% share of the total new launches.