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Residential sector shows signs of revival led by new launches in Q1 2019

Broad stabilisation of capital values and increasing disposable income are also contributing to the recovery of the residential sector

Residential sector
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BS Web Team
According to real estate consulting firm CBRE South Asia Pvt Ltd, the residential real estate is showing the much-awaited signs of recovery and metro cities like Delhi-NCR, Mumbai, Chennai, Hyderabad and Bengaluru are witnessing an increase in quarterly new launches in Q1 2019.

The growth in the residential market is credited to the surge in activity in the mid-end segment followed by affordable and high-end projects.

Apart from policy reforms like RERA and GST aimed at bringing transparency in residential real estate, the current progress is also led by proactive and customer-centric efforts undertaken by real estate developers. 

In 2018,