Summary:
Of the total 6,490 units launched are in Mumbai Metropolitan Region. Further segregation shows that 2,500 units were launched in the Rs 2.5 crore upwards in MMR. Along with the resale homes market, luxury housing took the hardest hit after demonetisation. The government's continued focus on affordable housing coupled with denominations in November 2016 took the sheen off luxury housing for two years in a row. Effectively, new luxury housing supply has more than tripled since H1 2017 (period immediately after demonetisation)..