Hyderabad launched way more homes than it sold this quarter, good time for buyers?

Was reading one of those quarterly market reports over the weekend and one thing stuck with me. Hyderabad apparently sold somewhere around 13k homes in Jul-Sep, which is actually up from last year, fastest growth among the big cities they said. But new launches more than doubled in the same period, close to 19k units.

So more than sold, by a good margin. If I’m reading it right, every quarter there is more stuff getting added than what people are buying. And I remember an earlier report saying Hyderabad already had the longest time to clear unsold stock among the big cities, something like two years plus.

Honestly not sure how to read this. On one side sales growing means demand is real, people are still buying. On the other side if builders keep launching this much, shouldn’t buyers get some room to negotiate? Or atleast better payment plans, offers, something. The agent calls have definitely increased lately, that much I can say, not sure if that is a sign or just festive season.

Or maybe the big launches are all in the premium bracket and the budget I’m looking at doesn’t even have this extra supply, so it makes no difference for people like me. Maybe I’m wrong.

For people who visited projects recently, are builders more flexible on price now than earlier this year? Anyone actually got a better deal because of all this new supply, or are rates still the same everywhere?