Launches subdued, affordable housing hit

05 Jul 2021 CW Team

New launches in the real estate sector remained subdued for six months continuously till May.

The new launches based monthly at the pan-India level dropped 46%. A favourable base of the previous year makes the new launches data appear strong. However, analysts warn against getting carried away.

Through share launches in May, Pune and Hyderabad notched up profits of 18-20% month-on-month (m-o-m) respectively.

MMR recorded the highest declines of 17% m-o-m, followed by Bangalore, Chennai, and National Capital Region (NCR), which logged reductions of 5-11% m-o-m each.

The share of Kolkata remained stable, recording only an increase of 3% m-o-m.

According to the Anarock Property Consultant firm, the pandemic changed earlier prevailing trends in the Indian residential market. It dented the new affordable housing supply share over the top seven cities.

Anarock told the media that out of the total new launches, almost 36,260 units across the top seven cities in Q2 2021, the affordable segment, priced at nearly Rs 40-80 lakh, provided only a 20% share.

Despite the incumbent, the government continued to focus on affordable housing. Private members also changed their plans on the back of the pandemic.

The demand further continues to remain weak, keeping unsold inventory elevated. As per the analysts, though the supply is growing down in the wake of bleak demand, offloading the current stock would be difficult for the real estate sector.

An Anarock report announced that among the growing inflationary trends of basic input prices (cement, labour, steel, among others), it is now challenging for them to launch budget homes because of the increasing prices in this highly cost-sensitive segment during this time.

Image Source

Also read: Affordable housing keeping Indian real estate afloat

Also read: Govt to look into housing industry’s demand to support realty sector

New launches in the real estate sector remained subdued for six months continuously till May. The new launches based monthly at the pan-India level dropped 46%. A favourable base of the previous year makes the new launches data appear strong. However, analysts warn against getting carried away. Through share launches in May, Pune and Hyderabad notched up profits of 18-20% month-on-month (m-o-m) respectively. MMR recorded the highest declines of 17% m-o-m, followed by Bangalore, Chennai, and National Capital Region (NCR), which logged reductions of 5-11% m-o-m each. The share of Kolkata remained stable, recording only an increase of 3% m-o-m. According to the Anarock Property Consultant firm, the pandemic changed earlier prevailing trends in the Indian residential market. It dented the new affordable housing supply share over the top seven cities. Anarock told the media that out of the total new launches, almost 36,260 units across the top seven cities in Q2 2021, the affordable segment, priced at nearly Rs 40-80 lakh, provided only a 20% share. Despite the incumbent, the government continued to focus on affordable housing. Private members also changed their plans on the back of the pandemic. The demand further continues to remain weak, keeping unsold inventory elevated. As per the analysts, though the supply is growing down in the wake of bleak demand, offloading the current stock would be difficult for the real estate sector. An Anarock report announced that among the growing inflationary trends of basic input prices (cement, labour, steel, among others), it is now challenging for them to launch budget homes because of the increasing prices in this highly cost-sensitive segment during this time. Image Source Also read: Affordable housing keeping Indian real estate afloat Also read: Govt to look into housing industry’s demand to support realty sector

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..