INDIA’S residential real estate
market thrived in the first half
of 2024 with a 55 per cent
increase in new launches to
159,455 units, while Kolkata
exhibited a contrasting trend,
according to a
report released
on Friday.
The eastern
metropolis witnessed an 11 per
cent decline in
new launches
during the period.
K o lka t a
launched 4,388
units in the
January-Juneperiodof2024,as
compared to the 4,942 in the
corresponding months of 2023,
realty consultant JLL said in
the report.
Kolkata accounted for only
three percent of the new launch
inventory among the top seven cities.
Cities, like Bengaluru,
Mumbai, Delhi NCR and
Hyderabad led the surge
nationally,
contributingto
a total of
159,455 units
launched.
C h e n nai
and Pune also
experienced a
10percentand
a 22 per cent
decrease in
launches
respectively.
Residential prices across
India rose in the top seven
cities. These cities saw a yearon-yearpriceincreaseranging
from 5 per cent to 20 per cent
in Q2 (April-June) 2024.