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Delhi NCR sees 57% drop in unsold homes, south India
The Business Guardian
|May 24, 2024
The real estate sector in Delhi-NCR, once plagued by over supply and market chaos, is now witnessing a remarkable turnaround. A recent report by real estate consultant Anarock Group highlights a massive 57% decline in unsold inventory in the region over the past five years.
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According to the report, the unsold residential stock in the national capital region fell from approximately 200,000 units at the end of Q1 2018 to around 86,420 units by the end of Q1 2024.
This significant reduction marks a positive shift for the market, which had been struggling with excess supply and sluggish demand.
Breakdown of Inventory Reduction in Delhi-NCR Gurgaon: Holding the highest stock in the region, Gurgaon reduced its unsold inventory to approximately 33,326 units, marking a 37% decrease.
Denne historien er fra May 24, 2024-utgaven av The Business Guardian.
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