Mumbai tops in new property launches in Q3, Delhi saw the highest decline: Anarock

Mumbai tops in new property launches in Q3, Delhi saw the highest decline: Anarock
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  • MMR accounted for 39% share in the new launches, whereas Delhi had only 7% share.
  • New launches of MMR rose by 21% against the second quarter of 2022.
  • In Delhi, new launches saw a 9% year-on-year decline.
New property launches are picking up across top cities, as the sector has sharply recovered from its pre-pandemic lows. Mumbai Metropolitan Region (MMR) saw the most new launches in the third quarter, among the top seven cities.According to Anarock’s Q3 2022 Residential Market Overview, MMR accounted for 39% of the share of new launches – at 36,000 units.

New launches in MMR rose by 21% against the second quarter and 118% as compared to the same quarter last year. Amongst the three sub-markets of MMR, Mumbai, contributed nearly 79% to the new supply, followed by 15% in Thane and the rest in Navi Mumbai.

Delhi NCR, on the other hand, witnessed the highest year-on-year decline in new launches. During the quarter, its new launches accounted for a mere 7% of the total new supply in Q3 across the top seven cities.

Approximately 6,400 new residential units were launched between July and September 2022, according to the report.

Within Delhi NCR, Gurgaon had the highest supply share of 61% in Q3 but saw a decline of 9% against Q2. Greater Noida, at the second spot, saw a 19% q-o-q rise and also witnessed an increase in the new launch activity, contributing 28% to the NCR’s overall new supply.


Noida and Faridabad are the two NCR markets which saw no new launch activity in the current quarter, the report said.

Delhi has more affordable supply

“In contrast to the preceding quarter, mid-end segment in NCR has surpassed the number of affordable housing launches to become the top launched price bracket among developers in the current quarter, accounting for 35% of new supply,” the report added.

In MMR, most of the new supply was launched in the affordable, mid end and high end segments — accounting to 22%, 29% and 21% respectively, to new launches in the current quarter.

Delhi also saw the highest drop in the inventory, whereas, MMR’s available inventory remained stable on a year-on-year basis, according to the report.

NCR had 1.32 lakh unsold units by the end of Q3, while Mumbai had around 1.91 lakh units.

MMR also recorded the highest sales of home properties among the top seven cities, with over 26,400 residential sales recorded between July and September this year. On the other hand, NCR recorded a decline in quarter-to-quarter housing sales by 2%, with only 15,000 properties sold in Q3 of 2022.

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