Residential housing launches decline due to RERA

Cushman and Wakefield report says residential project launches have fallen by 8% since the Real Estate (Regulation and Development) Act 2016 was announced.

The fall in new unit launches is most noticeable in the NCR
Launches in the residential sector are expected to remain restricted over the next 2 to 3 quarters as developers will be making changes to their business structure, operations and marketing strategies to comply with RERA norms.


25,800 residential units were launched in the first quarter of 2017 in the top 8 cities of India.

16% was the decline in such launches over the corresponding period in the previous year.

The share of affordable segment in total launches has improved
While sales have been weak across segments, it has been prominent in the high-end and luxury segments over the last quarters owing to demand-supply mismatches.



Source: Cushman and Wakefield Research. Figures in the above tables have been rounded off to nearest multiple of 25.