According to realty research firm, PropEquity, launch of housing projects across top eight cities dropped 31 per cent since the September-December 2010 quarter. This has been due to the widening gap between demand and supply of apartments.
Across cities, the overall number of housing projets being launched has dropped significantly. In the September-December 2010 quarter, 128,405 units were launched while in the April-June 2011 quarter this figure was down to 75,239 units. New launches were also impacted by problems over land acq-uisitions in the Noida-Greater Noida areas, near Delhi, as well as
an increase in loan rates by the Reserve Bank of India.
Contact: PropEquity.
Tel: 0124-452 2735.
Website: www.prope quity.in
