CHENNAI: Top eight cities witnessed residential launches of about 25,800 units in the first quarter of 2017, registering a 16% decline from the corresponding period last year, said Cushman & Wakefield. Other than affordable housing, most segments like mid and high-end saw a sharp decline. This trend is expected to continue over the next two-to-three quarters, as large sets of unsold inventory continue to burden the real estate market.
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