<p>New residential launches saw a whopping 170% rise year-on-year in the April-June quarter with the launch of more than 79,000 new housing units in the top six cities including Bengaluru, as per the latest research by real estate platform Square Yards.</p>.<p>New residential launches in Mumbai metropolitan region, Pune and Gurugram recorded a yearly rise of 250% in the April-June quarter. MMR contributed to the highest share of 38% followed by Pune at 21%. Bengaluru saw 80% more new launches this quarter.</p>.<p>Quarterly trends for new supply in April-June however varied to some extent as anticipated. Attributed to the surge in property prices and hike in lending rates, the new launches of housing units witnessed a small quarterly dip of 2% in Q2 2022.</p>.<p>Further, only MMR and Gurugram saw a quarter-on-quarter rise of 16% and 12% respectively, while new launches in other top cities reverberated the same restrictive developers’ sentiments, the report said.</p>.<p>More than 43% supply of 3 BHK configurations were noted in Bengaluru and Gurugram in the quarter under review.</p>.<p>While mid-segment properties continued to be the most preferred for homebuyers in the April-June quarter with 57% of the total demand share, the demand for premium category residential units of more than Rs 1 crore inched up by 10% as compared to the January-March quarter.</p>
<p>New residential launches saw a whopping 170% rise year-on-year in the April-June quarter with the launch of more than 79,000 new housing units in the top six cities including Bengaluru, as per the latest research by real estate platform Square Yards.</p>.<p>New residential launches in Mumbai metropolitan region, Pune and Gurugram recorded a yearly rise of 250% in the April-June quarter. MMR contributed to the highest share of 38% followed by Pune at 21%. Bengaluru saw 80% more new launches this quarter.</p>.<p>Quarterly trends for new supply in April-June however varied to some extent as anticipated. Attributed to the surge in property prices and hike in lending rates, the new launches of housing units witnessed a small quarterly dip of 2% in Q2 2022.</p>.<p>Further, only MMR and Gurugram saw a quarter-on-quarter rise of 16% and 12% respectively, while new launches in other top cities reverberated the same restrictive developers’ sentiments, the report said.</p>.<p>More than 43% supply of 3 BHK configurations were noted in Bengaluru and Gurugram in the quarter under review.</p>.<p>While mid-segment properties continued to be the most preferred for homebuyers in the April-June quarter with 57% of the total demand share, the demand for premium category residential units of more than Rs 1 crore inched up by 10% as compared to the January-March quarter.</p>
