HomeNewsBusinessReal EstateNCR sees 12% fewer unsold houses; stock drops 10% in West; South sees 32% rise
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NCR sees 12% fewer unsold houses; stock drops 10% in West; South sees 32% rise

NCR unsold inventory declined from approximately 1.73 lakh units by Q1 2020-end to approximately 1.53 lakh units by Q1 2022-end

May 04, 2022 / 12:06 IST
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Unsold inventory of real estate properties in the National Capital Region (NCR) declined by 12 percent in the first quarter of 2022 from the pre-pandemic comparable period of 2020, while the main southern cities like Bengaluru, Hyderabad, and Chennai saw their collective unsold stock rise 32 percent. MMR and Pune in the West saw their cumulative unsold stock reduce by 10 percent, an analysis by Anarock showed.

This is the first time that in a quarter, NCR’s total unsold stock clocked in lower than in South India's collective unsold stock. In the West's MMR and Pune, the unsold stock declined from approximately 3.07 lakh units in Q1 of 2020 to 2.75 lakh units in Q1 of 2022.

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NCR also outstripped both the southern and western markets in supply additions with a massive 204 percent rise in launches in the Q1 of 2022 compared to Q1 of 2020 – from 6,190 units to 18,840 units.

Of the total unsold inventory in NCR, Gurugram has the maximum stock with approximately 63,870 units – an increase of 6 percent over pre-pandemic period Q1 2020. The rise is largely because of newly added supply, it said.