more-inChennai saw new housing supply increasing to 4,850 units — a rise of 15% from last quarter. Over 40% new supply was added in the lower-budget housing segment, according to data from ANAROCK Property Consultants. The analysis by the consultant showed that the top seven cities including NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad saw 52,150 new units launched in Q3 2018. The cities contributing most to new unit additions in Q3 2018 include Chennai, MMR, Pune and Bengaluru. Nearly 67,175 units were sold in Q3 2018 with NCR, MMR, Bengaluru and Pune together accounting for 82% of the overall sales.

Source: The Hindu October 15, 2018 19:30 UTC