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Swelling pile of unsold housing stock in top 7 metros
The New Indian Express Chennai
|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.
Denne historien er fra June 29, 2025-utgaven av The New Indian Express Chennai.
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FLERE HISTORIER FRA The New Indian Express Chennai
The New Indian Express
Suspect in Mandaveli daylight murder shot in leg during arrest
A 21-year-old history-sheeter, suspected to be involved in the daylight murder of a rowdy, Mouli, in Mandaveli on Thursday, was shot in the leg by police in the early hours of Saturday near the Indira Nagar MRTS station after he allegedly attacked a constable while attempting to escape.
1 min
November 23, 2025
The New Indian Express
Congress, Left parties oppose new Labour Codes by centre
TNCC and Left parties have strongly criticised the union government on Saturday for enforcing the four Labour Codes by consolidating 29 existing labour laws, and said that the move strips workers of hard-won rights and favours corporate interests.
1 min
November 23, 2025
The New Indian Express
A class apart in heart of the hill
ON a chilly December morning in 2014, as the world prepared for Christmas Eve, 46-year-old D Saraswathi guided her scooter over a rugged hillock deep inside the dense Athiyur reserve forest.
3 mins
November 23, 2025
The New Indian Express
UNDER-17 PALESTINIAN TEAM OF SEEKING SOLACE AND FINDING JOY IN FOOTBALL
ON Saturday evening, as the U17 Palestinian men's football team held on to a 1-1 draw against India U17 at the EKA Arena in Ahmedabad, in the AFC U17 Asian Cup 2026 Qualifiers tournament, they walked off the field with their heads held high.
1 min
November 23, 2025
The New Indian Express Chennai
The Cop Who Dismantled UP's Crime Machine
The narrative offers insights into Prashant Kumar's crackdown on gangs and mafias in a state once defined by lawlessness
3 mins
November 23, 2025
The New Indian Express
Civil N-bill among 10 legislations in winter session
A Bill seeking to open up the civil nuclear sector for private players and a proposed law on Higher Education are among the ten new proposed legislations listed by the government for introduction in the winter session of Parliament, beginning December 1.
1 mins
November 23, 2025
The New Indian Express Chennai
Light to moderate rain may lash Chennai today
THE regional meteorological centre (RMC) said a low-pressure area has formed over the Strait of Malacca and the adjoining south Andaman sea on Saturday morning and it is likely to intensify into a depression over the southeast Bay of Bengal around November 24.
1 min
November 23, 2025
The New Indian Express Chennai
‘States free to draft rules within the framework of Labour Codes’
Officials say 18-25 states already incorporated provisions of codes even before notification
2 mins
November 23, 2025
The New Indian Express Chennai
DMK branch secy shot dead in Salem
Attacked while riding with his wife; police suspect property dispute may have led to murder
1 mins
November 23, 2025
The New Indian Express Chennai
Structure collapses, two workers killed near Neelankarai
TWO migrant workers from Odisha fell to death when a structure they were dismantling at an old granite company collapsed at Vettuvankeni near Neelankarai on Saturday afternoon.
1 min
November 23, 2025
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