New Report Indicates 15 pc Decline in Fresh Housing Supply: Only 69,000 Units Added Across Top 8 Cities in Jan-Mar. Image Source: Canva

New supply of residential properties fell 15 per cent during January-March across eight major cities at 69,143 units despite high demand, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities. New supply has increased in Bengaluru and Mumbai but declined in Delhi-NCR, Chennai, Hyderabad, PuneKolkata, and Ahmedabad.

Out of the total launches

A “Sale Pending” sign is posted in front of a home for sale on Nov. 30, 2023, in San Anselmo, California. Real estate agents face lower commissions after a major settlement has increased the way Americans buy and sell homes.

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A “Sale Pending” sign is posted in front of a home for sale on Nov. 30, 2023, in San Anselmo, California. Real estate agents face lower commissions after a major settlement has increased the way Americans buy and sell homes.

Justin Sullivan/Getty Images

The National Association of Realtors has reached