Launches of residential units increase 40% in June quarter, says study

Bengaluru saw a 32% growth in home sales in Q2,2018

Launches of residential units have gone up 40 per cent in the second quarter of the current calendar year but sales of such houses have risen by a mere two per cent, said a new study.

The main reason for the jump in launches was due to the spurt in roll out of affordable housing units, or those priced below Rs 4 million, said Anarock Property Consultants in report released on Tuesday.

On a quarterly basis, the jump was 50 per cent in Q2 of 2018.