Homebuyers prefer fresh launches over ready-to-move-in homes; 42% of homes sold were in new projects in 2024
According to data from ANAROCK, 42 percent of 4.60 Lakh homes sold in the top seven cities in 2024 were fresh launches. Bengaluru and Chennai saw the highest new supply absorption share in 2024 – 53 percent each out of approximately 65,230 units in Bengaluru and 19,220 units in Chennai. https://www.moneycontrol.com/news/business/real-estate/homebuyers-prefer-fresh-launches-over-ready-to-move-in-homes-42-of-homes-sold-were-in-new-projects-in-2024-12973422.html