Mumbai and Hyderabad accounted for 43 pc of new residential launches in H1 Fy25: JLL report

Mumbai and Hyderabad spearheaded the surge in residential launches, contributing 43 per cent of new units, with India's market hitting new heights in H1 2024. The two cities together launched a record 160,000 units (5 per cent increase from H1 2023). This was driven by premium and luxury segments. Bengaluru and Mumbai topped sales with 155,000 units sold, while prices rose 5-20 per cent in top cities. 2024 outlook is positive with sales projected at 315,000-320,000 units.