sector has brought down sales a number of luxury projects have been launched in areas like bellary road devanhalli outer ring road doddaballapur in north bangalore and whitefield bangalorebased developer puravankara group for instance has all approvals in place for a luxury housing project in bangalore where apartments would be in the rs 25 crore and above range but the company has decided not to launch the project for now we have consciously taken a call to launch at a more suitable time as we see a supplydemand mismatch in this segment currently says jack bastian nazareth group chief executive officer at puravankara group brokers in bangalore say local demand for apartments in this segment has dropped in recent times