mumbai residential market across major cities1 in india witnessed a drop in total number of units launched by approximately 16 over previous year 2012 recorded launch of approximately 1 62000 new units of residential properties across the eight major cities of the total number of units launched majority units were launched in the mid end segment comprising approximately 83 of total launches with nearly 54500 new units ncr constituted a majority 34 of the total number of new units launched in the year pune recorded the second highest number of fresh launches at approximately 24000 new units followed closely by mumbai 22500 new units approx and chennai 20800 new units approx bengaluru recorded a drop of 50 in the number of new launches over previous year all cities 2011 2012 change midend 158861 135662 15 highend 29616 22588 24 luxury 4518 3458 23 total 192995 161708 16 midend segment saw the highest number of launches of approximately 135700 units though it was lower by nearly 15 over the previous year of the total midend housing units launched ncr saw a total of over 50000 units mostly concentrated in the locations of gurgaon and noida high end and luxury segment units saw a 24 and 23 decline respectively over the last year mumbai witnessed highest number of luxury unit launches approximately 1200 units followed by bengaluru and pune in 2012 majority of the launches were concentrated in the second half of the year owing to uncertainties over regulations development controldc rules in mumbai go 245 in hyderabad and issues pertaining to land acquisition in ncr being resolved and the advent of festive season a popular time for endusers to buy residential units launch city 2011 2012 yoy change no of units no of units ncr 79198 54439 31 chennai 22086 20729 6 kolkata 7515 8918 19 bengaluru 32816 16543 50 mumbai 13000 22423 72 hyderabad 8110 7922 2 pune 18000 24127 34 ahmedabad 12270 6607 46 total 192995 161708 16 source cushman wakefield research n 2012 playing its part in slowing down end user demandsource cushman wakefield research sanjay dutt executive managing director south asia cushman wakefield says in 2012 the residential market saw proactive and innovative marketing and new launches of specialist projects on one side but restrained activities in terms of large scale development as most developers were cautious not to overestimate the end user demand market aspects like high consumer inflation existing high home loan interest rates and slower growth of the economy had a strong impact on the end users making them more price sensitive than previously experienced on the other hand cash strapped developers were not willing to take up projects that may fall short in interest from end users thereby keeping their risk exposure to minimum sanjay continues investor activities however have been strong in the residential market with many viewing this as the right time to enter the market with the much needed capital for developers this