2017 Was The Year Of Affordable Housing

Affordable housing was the star for the year 2017 being the only category to show growth of 6% y-o-y over 2016. However, New unit launches in residential saw a decline of -35% year – on – year (y-o-y) since 2016. The total estimated new residential units were approximately 74,000 across top eight cities of India with Mumbai constituting nearly 31% of the total new units followed by Pune constituting about 15% of all launches.