All major cities witnessed a fall in new launches year-on-year with Hyderabad being the worst hit Moneycontrol News @moneycontrolcom 1/10 India Real Estate Residential and Office market report for July to December 2017 period by Knight Frank looks at eight major cities Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, NCR and Pune. 2/10 TOP 8 CITIES: Sales volumes down by 38% in 2017 since reaching its peak in 2011. | New launches decline by a whopping 78% in 2017 since 2010. | Delhi-NCR, the most affected market, with annual supply volume at only 7% of all-time high. 3/10 NEW LAUNCHES DROP BELOW SALES | Second-half of 2017 sees new launches drop below sales for the first time in a decade. 40,832 units launched between July–December 2017, down 41% Y-O-Y | Sales at 1,07,316 units, down only 2% Y-O-Y 4/10 UNSOLD INVENTORY SHRINKS Unsold Inventory shrinks by 19% to 5.28 Lakhs Y-O-Y | Unsold inventory was at its peak of 7.2 lakh units in 2014. 5/10 MUMBAI: Sees maximum sales and new launches in 2017. However, units sold are 3 times more than new apartments launched. | Mumbai : New units sold at 62,256; Mumbai: New launches at 23,253. 6/10 BENGALURU: Bengaluru witnessed the maximum fall in sales in 2017 at 34,546 units sold. Yet, Bengaluru sales in 2017, exceed new supply of 22,410 units. 7/10 HYDERABAD: Witnessed a drop of 70% in New Launches in 2017. Only 3511 new units launched in the entire year. 8/10 Residential unsold inventory (2017 versus 2016): Unsold inventory highest in Delhi NCR at 1.67 lakh units, down by 13% | Unsold inventory in Mumbai shrunk by 25% at 1.16 lakh units | Unsold inventory in Bengaluru down by 10% at a little over 1 lakh | Inventory in Pune stood at 28,455 which was down by almost half or 43%. 9/10 Property prices across 8 key cities: Average property prices fallen by 3% across cities | Pune sees the most decline at 7% year-on-year | Mumbai residential prices too crack by 5% in 2017 | Hyderabad and Ahmedabad buck the trend | See prices move up 3% and 2% respectively due to the high proportion of ready inventory and supply crunch. 10/10 Final Takeaways: New launches falling below sales is a healthy sign of reducing demand – supply gap | Unit sizes reducing across all 8 cities, to keep prices affordable | Effects of demonetisation tapering off | PMAY yet to make any significant market impact on the buyer | An uptick in buyers investing in properties abroad.