India’s unsold housing inventory sees substantial decline – check details

By Priyanka Deshpande CNBC-TV18.com Published May 23, 2024

[{"selector":"#anim-aa6444c1-1819-4094-8daa-f6eceaf51d51 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-23.627161084829392%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Real estate consultancy firm Anarock, on Thursday May 23, released data on unsold housing inventory across regions.

NORTH

[{"selector":"#anim-4eba1f88-94a8-4cc3-b6e4-c03d39d1a325 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The data reveals that unsold inventory in Delhi-NCR has significantly decreased by 57% over the past five years.

NORTH

[{"selector":"#anim-1e81d5ba-c760-40e5-8cd3-1b911b76cff1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.52385473442827%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] The unsold stock in NCR decreased from approximately 2,00,000 units at the end of Q1 2018 to around 86,420 units by the end of Q1 2024.

SOUTH

[{"selector":"#anim-3ca9c425-1bd8-49f6-a126-a8cb55e368e6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.592719470469937%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bengaluru, Hyderabad, and Chennai saw their collective unsold stock shrink by 11%, from approximately 196,000 units in Q1 2018 to around 176,000 units in Q1 2024.

SOUTH

[{"selector":"#anim-275dd78c-774b-4045-a895-54fb7a6a0654 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] South India's relatively low decline in unsold inventory is due to a surge in new launches in Hyderabad , where housing stock nearly quadrupled in the last five years.

SOUTH

[{"selector":"#anim-e62d61c0-bcde-4742-9f27-cff9a2e091d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.150930580648737%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Bengaluru saw unsold inventory decline by 50% in this period.

WEST

[{"selector":"#anim-f6ac4556-5fd2-4006-a5fb-877474325e79 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] MMR and Pune experienced an 8% decline in unsold stock over the past five years, decreasing from approximately 313,000 units in Q1 2018 to about 290,000 units in Q1 2024.

EAST

[{"selector":"#anim-7b8a14ea-8443-4b92-8ad2-07d53f713229 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.365868473955917%, 0, 0) translate(-3.2710280373831777%, 3.2710274702840456%) scale(0.9345794392523364)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] In the East, Kolkata saw its unsold inventory decline by an impressive 41% in the period.

[{"selector":"#anim-00101e28-c374-4957-b4ea-81c1e4d38da0","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Thanks For Reading! Explained: Why unsold homes aren’t moving as fast in Hyderabad Read More