South Indian cities saw highest housing sales in 2018

Housing demand and supply were higher in Bengaluru, Chennai and Hyderabad as compared to sales and new launches in the north and west regions, property consultant Anarock said

20% – rise in housing sales in key cities in southern India

18% – rise in key cities in northern India

15% – rise in key cities in western India

77% – increase in new housing launches in India in 2018 at 67,850 units

The market in South India is driven by end-users, particularly those working in IT/ITeS sector, while in most other metro cities the market is backed by investors

16% – rise in new supply in National Capital Region

17% – increase in new residential supply in Mumbai and Pune

19% – of unsold inventory in the country is in South Indian cities

28% – of unsold stock is in NCR