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.