"INDIA REAL ESTATE".
Knight Frank launched their eighth edition of its half yearly report
"India Real Estate".It presents a comprehensive analysis of the
residential and office market performance of Bengaluru for the
period July- December,2017 (H2 2017).
Speaking about the findings,Mr.Shantanu Mazumder,Senior Branch
Director-Bengaluru said," Bengaluru's residential market has been impacted
by a variety of factors impacting both demand & supply.Residential sales have
witnessed a 34% YoY decline in H2 2017 over H2 2016.On the launches front
though the declining trend began since 2014,the rate of decline was never as
marked as in 2017 as the new supply nosedived by a mammoth 71% from the
peak witnessed in 2013.North & South zones have witnessed maximum curtailment
of new launches registering a YoY decline of 66% & 52% respectively in H2 2017
as developers put new projects on the back burner whilst they prioritised RERA
compliance.On a YoY basis too ,Overall city launches declined by 37% in H2 2017.".
All cities witnessed fall in launches YoY, Hyderabad worst hit.