High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019 - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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High-rises account for over 50% of 1,816 housing projects launched across 7 big cities in 2019

Of total 1,816 projects launched in 2019 across seven major cities, more than 52 per cent were of G+20 floors or more. Total supply share of villas declines to all-time low of 2 per cent in 2019 against 5 per cent in 2014. "With G+20 floors the new normal in the region, Mumbai is closing in on other mega cities like New York, Hong Kong and Tokyo where buildings as tall as G+50 floors are the norm," the report said.

from Industry-Economic Times
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