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

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..