ANAROCK data reveals that the price gap between ready-to-move-in (RTM) and under-construction (UC) homes in the top 7 cities reduced to a mere 3-7% in 2019.
The IT capital Bangalore has the lowest unsold inventory overhang at about 15 months while NCR has the highest at 44 months as on Q3 2019.
ANAROCK research indicates that nearly 81,300 unsold homes are currently ready-to-move-in across the top 7 cities.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
Housing sales in Q3 2019 saw a quarterly decline of 20% across the top 7 cities - from 68,600 units in Q2 2019 to 55,080 units in Q3 2019.
Among the factors contributing to the escalating claustrophobia effect of shrinking apartment sizes, demand for affordable homes in metros tops the list.
ANAROCK’s report highlights that Raigad's overall residential market has outperformed its neighbours, including Mumbai, Navi Mumbai and Thane.
ANAROCK research indicates that housing sales in Q2 2019 fell by 13% q-o-q and stood at 68,600 units across the top 7 cities.
Industry stalwart, Anuj Puri, today announced the launch of TRESPECT, a pan India 'open market' B2C residential real estate broking firm.
ANAROCK's latest retail report states that Indian mall developers are looking to add over 65 mn sq. ft. of new mall supply across the country by 2022-end.