NEW DELHI: Over 55,000 housing units were launched in January-March period in top eight cities of the country, up by 43 per cent from the previous quarter.
Global property consultant Cushman & Wakefield said in its latest report that 55,438 units were launched in the first quarter of 2014 calendar year in the eight major cities of the country against 38,898 units in the previous quarter.
These eight cities are -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Pune and Ahmedabad.
"There has been a 43 per cent increase in Q1 2014 new residential unit launches from the previous quarter. The total estimated unit launches were recorded at 55,500 units across major eight cities of India with Bengaluru recording the largest number of units launched, an increase of 22 per cent from the previous quarter," C&W said in a statement.
Mumbai and Bengaluru together constituted around 50 per cent of the total unit launches in Q1 2014.
Barring NCR and Ahmedabad, all other cities saw a rise in total units launched in Q1 2014 over the previous quarter. NCR saw the sharpest decline in launches of new residential units with a drop of 18 per cent over the previous quarter.
With thanks : Economic Times : LINK : for detailed news.
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