New Delhi [India]: The tide is turning in Delhi-NCR's real estate sector, once notorious for oversupply and widespread market dislocation, as unsold inventory in the region has declined by a massive 57 per cent in the last five years. The latest report from real estate consultant Anarock Group was seen. The report said the actual unsold stock in the National Capital Region has declined to almost Rs. Around 2 lakh units at the end of the first quarter of 2018. 86,420 units by the end of Q1 2024.Over the same period, major southern cities saw their unsold stock decline by almost half. From 1.96 lakh units in Q1 2018 to over 1.76 lakh units in Q1 2024. Gurgaon has the highest stock with around 33,326 units, showing a decrease of 3 per cent. Greater Noida is at the second position with around 18,668 units, which has reduced its stock by 70 per cent. Ghaziabad's inventory dropped dramatically by 70 per cent to around 11,011 units.Noida saw a decline of 71 per cent, with around 7,451 unsold units remaining. Combined, Delhi, Faridabad and Bhiwadi have around 15,964 unsold units, a 31 per cent decline since 2018, with top southern markets Bengaluru, Hyderabad and Chennai seeing an 11 per cent decline in their collective unsold stock, according to the report. Has been seen. this period. MMR and Pune in the west saw an 8 per cent decline in their cumulative unsold stock. In the east, Kolkata saw an impressive 41 per cent decline in its unsold inventory. Explaining the reason behind the lower decline in unsold inventory, the real estate consultant said there has been massive new property launches in Hyderabad, especially In the last few years, last two years. The city's housing stock has almost quadrupled in the last 5 years.Bengaluru saw a 50 per cent decline in unsold inventory during this period. In the west, MMR and Pune saw an 8 per cent decline in unsold stock in the last five years – approx. Around 3.13 lakh units in the first quarter of 2018. 2.90 lakh units in the first quarter of 2024, the report said.