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Swelling pile of unsold housing stock in top 7 metros
The Morning Standard
|June 29, 2025
INDIA's urban housing market is sitting atop a swelling pile of unsold stock—5.59 lakh units across the top seven metros, as per Anarock's Q1 2025 report.
Though the total is 4% lower year-on-year, the numbers mask a deeper structural problem—homes are being built, but not for those who actually need them.
Mumbai tops the chart with 1.8 lakh unsold units and an overhang of 16 months. A major contributor: a 36% jump in luxury housing stock, driven by misplaced optimism about post-Covid demand. Developers have resumed high-end launches, but buyers haven't returned in equal measure. The result: unsold towers and frozen capital.
This story is from the June 29, 2025 edition of The Morning Standard.
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