Unsold Residential inventory lower by 14% YoY: Report


In the backdrop of H1 2017 – a period of RERA and GST implementation, Mumbai residential market witnessed 128% YoY growth in launches in H1 2018. This was primarily driven by dumping ground reprieve in Mumbai city and also mega project launches in peripheral suburbs, Dr Samantak Das, Chief Economist & National Director – Research said in a conference.

During the launch of Knight Frank India’s half-yearly report on Wednesday Das said, Most developers focused on reducing apartment sizes of their new launches. Accordingly, we have seen a shrinkage of 12% in apartment sizes across MMR, with some premium markets witnessing the reduction of as high as 31%. Further, besides the nominal price drop across markets, developers are also offering a host of other incentives to entice buyers.

Office Key Highlights:

– New office space supply lowers by 42% YoY

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