According to Anarock Research, Bengaluru, Hyderabad and Chennai saw their collective unsold stock decline by 1 per cent in the same period.
Over the past five years, the Mumbai Metropolitan Region (MMR) and Pune saw an 8 per cent decline in the cumulative unsold stock.
Meanwhile, Kolkata saw a 41 per cent decline in unsold inventory during the period.
Santosh Kumar said, “Delhi-NCR witnessed total new supply of around 1.81 lakh units between Q1 2018 and Q1 2024. In contrast, the southern and western markets witnessed around 6.07 lakh units and 8.4 lakh units respectively.” “A lot of new supply was seen.” , Vice Chairman, ANAROC GROUP.
The relatively low decline in unsold inventory in South India is due to the massive new launch rate in Hyderabad, especially in the last two years.
The city's housing stock has almost quadrupled in the last 5 years.
However, the report said that Bengaluru saw a 50 per cent decline in unsold inventory during this period.
“NCR’s upbeat performance also reflects new buyer confidence in the region,” Kumar said.
The Real Estate (Regulation and Development) Act 2016 (RERA), Goods and Services Tax (GST) and interventions by alternative investment funds (AIFs) such as 'owner' funds have played a major role in this sentiment revival.
Over the past five years, the Mumbai Metropolitan Region (MMR) and Pune saw an 8 per cent decline in the cumulative unsold stock.
Meanwhile, Kolkata saw a 41 per cent decline in unsold inventory during the period.
Santosh Kumar said, “Delhi-NCR witnessed total new supply of around 1.81 lakh units between Q1 2018 and Q1 2024. In contrast, the southern and western markets witnessed around 6.07 lakh units and 8.4 lakh units respectively.” “A lot of new supply was seen.” , Vice Chairman, ANAROC GROUP.
The relatively low decline in unsold inventory in South India is due to the massive new launch rate in Hyderabad, especially in the last two years.
The city's housing stock has almost quadrupled in the last 5 years.
However, the report said that Bengaluru saw a 50 per cent decline in unsold inventory during this period.
“NCR’s upbeat performance also reflects new buyer confidence in the region,” Kumar said.
The Real Estate (Regulation and Development) Act 2016 (RERA), Goods and Services Tax (GST) and interventions by alternative investment funds (AIFs) such as 'owner' funds have played a major role in this sentiment revival.
