Media reports by ET Realty state that residential property markets in Mumbai and Bangalore have emerged as key markets in terms of both sales and new housing supply infusion during the quarter ended March.

Reports state that the number of new launches in Mumbai market in Q1 stood at 8,600 units, while the Mumbai Metropolitan Region (MMR) witnessed highest sales among seven property markets with 12% rise at 12,300 units.

Bangalore led on the absorption front with 15% rise in sales of 11,500 units and a 127% jump in launches.

Source