Housing Absorption Declines 13% in Q2 2019, New Launches Down 2% – ANAROCK

9 July 2019 :

Housing absorption in top 7 cities at approx. 68,600 units in Q2 2019 against 78,520 units in Q1; for first time since 2016, total unit launches are more than units sold in the quarter
Unsold inventory maintains status quo at 6.65 lakh units
Hyderabad records highest quarterly drop in housing absorption at 18%; NCR sees least decline at 8%
Builders restrict new supply in Hyderabad, Pune & MMR; NCR, Bangalore, Chennai & Kolkata see new launches increase by 69%, 21%, 23% & 164% respectively
Affordable