Housing Project Launch Prices Drop up to 20% in 3 Metro Cities

Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield. Metropolitan cities of Delhi-NCR, Mumbai and Bengaluru recorded a drop in launch prices in high development activity markets of these cities, the C&W report said. As per the study, new residential projects in select micro markets are cheaper by 4-20 per cent on average weighted basic sale price over the last two years. The report tracks the…

Read More

Delhi-NCR New Home Launches Down 14% in 2015: Property Consultant

New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield. The launches of new homes fell from 26,802 units in 2014 to 22,979 flats in 2015, the property consultant said in its report. Half of the total new launches in 2015 were in the mid segment at about 12,400 units. About 79 per cent of the units were launched in the locations of Dwarka Expressway, New…

Read More