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'Of 1.55 lakh home units sold in MMR in 2024, 36 per cent were new launches'

The data shows that more than 42 per cent of the approximately 4.6 lakh homes sold in the top seven cities in 2024 were in newly launched projects. This is a significant increase from the 26 per cent of about 2.61 lakh homes sold in the pre-pandemic period of 2019

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With large and listed developers dominating the new launch housing supply across the top seven cities, homebuyers are pressing the 'buy' button in newly launched projects, reveals the latest data by real estate consultancy ANAROCK revealed.

The data shows that more than 42 per cent of the approximately 4.6 lakh homes sold in the top seven cities in 2024 were in newly launched projects. This is a significant increase from the 26 per cent of about 2.61 lakh homes sold in the pre-pandemic period of 2019. In the Mumbai Metropolitan Region (MMR), of the 1,55,334 units sold last year, around 36 per cent were fresh launches. This is a rise from the 23 per cent recorded in 2019, when 80,870 units were sold. 

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