Mumbai: Section of high-rise buildings in seven top cities shrinks to 52% last year against 63% in the pre-covid year, according to the latest Anarock research report released on Monday.
In Mumbai Metropolitan Region (MMR) the decline was not steep – from 69% in 2019 to 62% in 2021.
“Vertical growth, one of the most characteristics of defining Indian urbanization in a decade, has become the latest Indian real estate Covid-19 ‘victim ‘, “The research report stated.
Of the 1,178 projects launched in seven top cities last year, 614 increased high from the floor G + 10 or more.
In 2019, 603 of 960 projects increased high.
The newly launched project includes apartments, villas and lines, and standalone floors.
By 2020, 291 (60%) of 486 housing projects launched in seven top cities consisting of high increases.
However, MMR which starving land records a much lower change in the total share of high increase.
Of the 421 projects launched in the area in 2021, almost 263 (62%) projects increased high.
In 2019, of about 360 projects were launched, 250 (69%) increased high.
“While the apartment continued to dominate new supply, MMR witnessed a marked increase in the launch of smaller small buildings in 2021.
In 2021, MMR saw around 56,880 units launched in 421 projects.
2019 saw more units launched – around 77,990 units in more than 360 projects, ” said the report.
National Capital Region (NCR) witnessed the most prominent change; from 62 new projects launched in NCR in 2021, around 39 (63%) increased high – showed a decrease of 32 % Since 2019.
In 2019, among a number of new projects (61) the same, which was significant 95% (58) projects) increased high.
Anuj Puri said, Chairperson, Anarock Group, “We see a clear shift in homeyer preferences to the top Independent floors in the main NCR market such as Faridabad and Gurugram.
Trends in the main cities of the main Bengaluru, Hyderabad, and Chennai are towards developments plotted.
The supply share of high-rise projects has been decreased by YoY [year-to-year] since 2019.
“He said in MMR and Pune, the supply trend shifted towards a smaller project and increased less than 100 units.
Part of Pune from a high increase also declined – from 89% in 2019 to 72% by 2021.
235 projects launched here in 2021, 170 increased high.
In 2019, around.
185 Project was launched, 165 projects increased high.
In the south cities as well, according to The report, high-rise culture declined.
Of the 103 projects launched in Chennai in 2021, only 10 projects increased high.