27% jump in launch of affordable houses this year

There has been a 27 per cent jump in the launch of new affordable housing units in the first nine months of the year compared to the corresponding period last year, says a new study. The study was done in the top eight cities of the country.

More than 26,000 new units have been launched in 2017 so far. Of the total new launches in the affordable segment, 40 per cent were in Mumbai (10,500 units), followed by Kolkata and Pune. Hyderabad saw the biggest 813 per cent jump in the launch of affordable homes while Mumbai saw a 331 per