New supply of affordable homes – priced up to Rs60 lakh each – declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity.Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs,…
READ MOREReal estate developers in India are leveraging the strong housing demand to clear their existing stocks, reducing the overhang of unsold properties that had been a concern in previous years.A healthier balance between demand and supply has also stabilised the market.Residential property markets in the top seven cities – Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad…
READ MORE