<p class="title">More than half of 1,816 housing projects launched last year across seven big cities were high-rises, while share of villas declined to an all-time low at 2 per cent, according to property consultant Anarock.</p>.<p class="bodytext">"With Indian cities under increasing pressure to grow vertically, the share of high-rises (G+20 floors or more) scaled unprecedented heights in 2019," Anarock Chairman Anuj Puri said.</p>.<p class="bodytext">Of total 1,816 projects launched in 2019 across seven major cities, more than 52 per cent were of G+20 floors or more. Total supply share of villas declines to all-time low of 2 per cent in 2019 against 5 per cent in 2014.</p>.<p class="bodytext">Anarock, which is primarily into brokerage business in residential property market, tracks property markets of seven cities -- national capital region (Delhi-NCR), Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune.</p>.<p class="bodytext">According to the data, land-scarce MMR tops the list with over 75 per cent of the total 734 projects launched in 2019 in the high-rise category.</p>.<p class="bodytext">"With G+20 floors the new normal in the region, Mumbai is closing in on other mega cities like New York, Hong Kong and Tokyo where buildings as tall as G+50 floors are the norm," the report said.</p>.<p class="bodytext">The Delhi-NCR market came next with nearly 70 per cent of its total launched projects in the high-rise category.</p>.<p class="bodytext">In Hyderabad, Kolkata and Chennai, the share of G+20 floors or above option is scantier, with their high-rise share at 23 per cent, 21 per cent and 16 per cent respectively, it added.</p>.<p class="bodytext">"Notably, Chennai and Hyderabad - two cities which had stuck to more conventional low-rise formats for long – are gradually warming up to high-rise housing developments. In both these cities, the well-to-do preferred bungalows and sea-facing villas. It is only in the last decade that these cities have begun to grow vertically, largely due to accommodate increased inward migration," the consultant said.</p>.<p class="bodytext">On villas, Anarock said that out of the total new launches of 5.45 lakh units in 2014, nearly 5 per cent were villas. In 2019, this share dropped to 2 per cent of the total of 2.37 lakh units launched during the year.</p>.<p class="bodytext">"The increasing trend of vertical development has taken the sheen off a once highly-preferred property type - villas. Both demand and supply of this format are diminishing, with wealthy homebuyers preferring the latter-day concept of ‘sky villas’," Anarock said.</p>.<p class="bodytext">Share of new supply of villas in Hyderabad dropped to 8 per cent last year from over 35 per cent in 2014.</p>.<p class="bodytext">In Chennai, the share of villas in 2014 was second-highest with over 16 per cent of total new launches (28,540 units). In 2019, this share dropped to 5 per cent of the total 13,000 units launched.</p>.<p class="bodytext">Bengaluru saw its share of villa launches drop from 12 per cent in 2014 to 5 per cent in 2019. The overall launches in the city stood at 85,950 units in 2014 and 50,450 units in 2019.</p>.<p class="bodytext">Delhi-NCR saw only a marginal drop – from a 3 per cent share of 1.73 lakh units in 2014 to 2 per cent of 46,920 units in 2019.</p>.<p class="bodytext">MMR had 1 per cent share of villas from a total 1.34 lakh units launched in 2014 and its share in 2019 is now zero.</p>.<p class="bodytext">In Pune and Kolkata too, the share of villa supply has been negligible in the last five years, the report said.</p>.<p class="bodytext">Anarock posted a revenue of nearly Rs 190 crore in the last fiscal. It competes with News Corp-backed PropTiger, Anil Ambani-led Reliance group backed Square Yard, Quikr, Investors Clinic, 360 Realtors and Wealth Clinic in organised housing brokerage business.</p>
<p class="title">More than half of 1,816 housing projects launched last year across seven big cities were high-rises, while share of villas declined to an all-time low at 2 per cent, according to property consultant Anarock.</p>.<p class="bodytext">"With Indian cities under increasing pressure to grow vertically, the share of high-rises (G+20 floors or more) scaled unprecedented heights in 2019," Anarock Chairman Anuj Puri said.</p>.<p class="bodytext">Of total 1,816 projects launched in 2019 across seven major cities, more than 52 per cent were of G+20 floors or more. Total supply share of villas declines to all-time low of 2 per cent in 2019 against 5 per cent in 2014.</p>.<p class="bodytext">Anarock, which is primarily into brokerage business in residential property market, tracks property markets of seven cities -- national capital region (Delhi-NCR), Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune.</p>.<p class="bodytext">According to the data, land-scarce MMR tops the list with over 75 per cent of the total 734 projects launched in 2019 in the high-rise category.</p>.<p class="bodytext">"With G+20 floors the new normal in the region, Mumbai is closing in on other mega cities like New York, Hong Kong and Tokyo where buildings as tall as G+50 floors are the norm," the report said.</p>.<p class="bodytext">The Delhi-NCR market came next with nearly 70 per cent of its total launched projects in the high-rise category.</p>.<p class="bodytext">In Hyderabad, Kolkata and Chennai, the share of G+20 floors or above option is scantier, with their high-rise share at 23 per cent, 21 per cent and 16 per cent respectively, it added.</p>.<p class="bodytext">"Notably, Chennai and Hyderabad - two cities which had stuck to more conventional low-rise formats for long – are gradually warming up to high-rise housing developments. In both these cities, the well-to-do preferred bungalows and sea-facing villas. It is only in the last decade that these cities have begun to grow vertically, largely due to accommodate increased inward migration," the consultant said.</p>.<p class="bodytext">On villas, Anarock said that out of the total new launches of 5.45 lakh units in 2014, nearly 5 per cent were villas. In 2019, this share dropped to 2 per cent of the total of 2.37 lakh units launched during the year.</p>.<p class="bodytext">"The increasing trend of vertical development has taken the sheen off a once highly-preferred property type - villas. Both demand and supply of this format are diminishing, with wealthy homebuyers preferring the latter-day concept of ‘sky villas’," Anarock said.</p>.<p class="bodytext">Share of new supply of villas in Hyderabad dropped to 8 per cent last year from over 35 per cent in 2014.</p>.<p class="bodytext">In Chennai, the share of villas in 2014 was second-highest with over 16 per cent of total new launches (28,540 units). In 2019, this share dropped to 5 per cent of the total 13,000 units launched.</p>.<p class="bodytext">Bengaluru saw its share of villa launches drop from 12 per cent in 2014 to 5 per cent in 2019. The overall launches in the city stood at 85,950 units in 2014 and 50,450 units in 2019.</p>.<p class="bodytext">Delhi-NCR saw only a marginal drop – from a 3 per cent share of 1.73 lakh units in 2014 to 2 per cent of 46,920 units in 2019.</p>.<p class="bodytext">MMR had 1 per cent share of villas from a total 1.34 lakh units launched in 2014 and its share in 2019 is now zero.</p>.<p class="bodytext">In Pune and Kolkata too, the share of villa supply has been negligible in the last five years, the report said.</p>.<p class="bodytext">Anarock posted a revenue of nearly Rs 190 crore in the last fiscal. It competes with News Corp-backed PropTiger, Anil Ambani-led Reliance group backed Square Yard, Quikr, Investors Clinic, 360 Realtors and Wealth Clinic in organised housing brokerage business.</p>