Page 22 - CV- Feb-March 2023 copy

NEW

HOUSING

SUPPLY

UP 51 PC IN 2022 ACROSS 7
CITIES; NCR SEES 20 PC

FALL IN LAUNCHES: REPORT

ew launches of housing units were up in five
cities --Mumbai Metropolitan Region (MMR),
NKolkata, Bengaluru, Hyderabad and Pune, but
fresh supply fell in Delhi-NCR and Chennai.

New supply of residential properties rose 51 per cent last year
to 3,57,635 units across seven major cities as builders
launched more projects to tap rising demand, according to
Anarock. In its annual report for 2022, the leading housing
brokerage said new launches increased to 3,57,635 units last
year from 2,36,693 units in 2021 across seven major cities.
New launches of housing units were up in five cities --Mumbai
Metropolitan Region (MMR), Kolkata, Bengaluru, Hyderabad
and Pune, but fresh supply fell in Delhi-NCR and Chennai.

The total new launches in 2022 remained lower than previous
peak of 2014 when more than 5.45 lakh units were launched
in the top seven cities, Anarock said. As per the data, new
launches in MMR jumped over two-fold to 1,24,652 units in
2022 from 56,883 units in the previous year.
Bengaluru saw a 61 per cent increase in new launches to
49,196 units in 2022 from 30,646 units earlier.

Pune too witnessed a 61 per cent growth in new launches to
64,343 units from 39,869 units in 2021.

New launches in Hyderabad rose 32 per cent to 68,007 units
from 51,470 units, while the fresh supply in Kolkata was up 17
per cent to 16,088 units last year from 13,746 units.