Recent Study:Affordable housing segment nearly doubles in H1 2016

A recent report has said,With the focus shifting to affordable housing, the number of launches has nearly doubled to 17,130 units during January-June 2016. As per the report by Cushman & Wakefield, the top eight cities including Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune, recorded new launches of 61,847 units during the period out of which those in the affordable segment were 17,130 units. The total number of launches recorded a 17 per cent growth in the first half to 61,847 units from 52,782 units in the corresponding period, it said. While the number of units launched in the affordable housing segment increase by 97 per cent from 8,698 units in H1 2015 to 17,130 units in January-June this year, mid-income segment witnessed a growth of 10 per cent from 32,997 units to 36,267 units. The high-end segment witnessed a decline of 29 per cent in the new launches to 7,525 units from 10,662 units, while 925 units were launched in the luxury segment against 425 in the corresponding period in 2015, said the report. As per report, city-wise the number of launches in the affordable housing stood at 4,155 in Bengaluru, 4,170 in Pune, 2,985 in Delhi NCR, 2,445 units in Ahmedabad, 2,000 in Kolkata, 1,266 in Mumbai and 109 in Hyderabad.

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