As the second wave of Covid-19 and lockdowns across states impacted economic activities, housing launches decline 42 per cent on a quarter-on-quarter (QoQ) basis in the April-June quarter, according to a report by Anarock Property Consultants.
The top seven cities saw around 36,260 new units launched in Q2 2021, as compared to 62,130 units in Q1.
Hyderabad is the frontrunner in overall housing launches with around 8,850 units launched in Q2 2021 - followed by MMR with 6,880 and Bengaluru with 6,690 units. Hyderabad, Bengaluru and Chennai accounted for 51 per cent of the total new launches during Q2, 2021.
Further, sales also plummeted during the quarter. Around 24,570 units were sold in Q2 2021 across the top seven cities, against 58,290 units in Q1 2021 marking a decline of 58 per cent Q-o-Q. NCR, MMR, Bengaluru, and Pune together accounted for 74 per cent of the sales in this quarter.