India's residential real estate sector surged in the first half of 2024, with new launches soaring by 55% to 1,59,455 units.
However, Kolkata bucked the trend with an 11% decline in new launches, with launch of 4,388 units as compared to 4,942 in the same period last year, according to a report released by realty consultant JLL on Friday.
Among the top seven cities, Kolkata accounted for only 3% of the new launch inventory.
Cities like Bengaluru, Mumbai, Delhi NCR and Hyderabad led the surge nationally, contributing to a total of 1,59,455 units launched.
Chennai and Pune also experienced a 10% and a 22% decrease in launches, respectively.
Residential prices in the top seven cities in the country witnessed a year-on-year increase ranging from 5% to 20% in the second quarter (April-June) of 2024.
(With inputs from PTI)
RECOMMENDED FOR YOU
IndiGo Imposes Flying Ban On Unruly Passenger
Aug 02, 2025
SAIL's CMD Remains Confident Despite Sharp Q1 Profit Dip, Eyes 8% FY26 Growth
Jul 29, 2025
Titagarh Share Price Rises After Company Secures New Order From Indian Railways
Jul 21, 2025
RBI Proposes Overhaul Of Novation Norms For OTC Derivatives
Jul 09, 2025
POPULAR