Housing supply rose just 3% last quarter from the previous three months, the data showed. The National Capital Region, which covers Delhi and surrounding areas, and Hyderabad both posted the lowest growth, with a 2 % increase from the previous quarter, the data showed. Housing supply rose just 3% last quarter from the previous three months, the data showed. This was largely dominated by low-budget housing, with homes costing less than 4 million rupees ($54,000) accounting for about 42% of total new supply. Homes costing between 4 million rupees and 8 million rupees made up 33%, with the balance coming from luxury and ultra-luxury developments.

Source: Mint October 16, 2018 04:18 UTC