In the April-June quarter, new residential launches saw an exponential 170% rise year-on-year in the top six cities, including Bengaluru.
Story so far: The April-June quarter saw the launch of more than 79,000 new housing units as per research conducted by a real estate platform Square Yards. Bengaluru saw 80% more new launches this quarter.
- Due to the surge in property prices and hike in lending rates, however, the new launches of housing units saw a quarterly dip of 2% in Q2 2022.
- The quarter review also revealed a 43% supply of 3BHK configurations in Bengaluru and Gurugram.
Changing demands: Although mid-segment properties were the most preferred for homebuyers this quarter with 57% of the total demand share, the demand for premium residential units worth over ₹1 crore increased by 10% compared to the January-March quarter.