Number of unsold housing units lapsed to 6.85 Lakh across 7 cities

Recently, as per a property report number of unsold housing units lapsed to 6.85 Lakh across 7 cities.

The national capital region (Delhi-NCR) has the maximum number of untaken units at 2 lakh, although the number has declined by 12,000 units from the September quarter of 2016.

Greater Noida has maximum share of unsold inventory, followed by Gurugram.

The unsold inventory in the Mumbai Metropolitan Region (MMR), has fallen to 1.8 lakh units at the end of September quarter of 2017 from 1.92 lakh units in the year-ago period.

In Bengaluru, the number of unsold inventories have dropped to 1.04 lakh units from 1.24 lakh units during the period under review.

Pune saw a decline of 8,000 units to 1.05 lakh units, while the number of unsold inventories fell by 7,000 units each in Chennai and Hyderabad at 28,000 units and 27,000 units, respectively.

However, unsold inventories rose in Kolkata to 49,000 from 48,000 units.

The main agenda behind this slant in the property was the restricted supply of fresh projects in these cities.

Heretofore, a lot of details are not available on the RERA website. The actual figures could potentially change significantly if more exhaustive data was made available on the RERA website

Source: Times of India

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