Around 78,000 unsold homes ready in top 7 cities; Mumbai, Pune account for 45%

Total 78,000 homes or around 12% of total unsold residential inventory across top seven property markets in India as on March end are ready to move in apartments. This total stock of unsold ready homes is worth about Rs 65,950 crore, showed data from ANAROCK Property Consultants. Of these ready apartments, Mumbai Metropolitan Region and Pune account for 45% share. National Capital Region (NCR) is next with 15,600 unsold ready units, followed by Bengaluru with nearly 10,100 apartments. Hyderabad has least unsold ready stock of around 2,400 homes worth Rs 1,870 crore.

“Of the total unsold ready stock, MMR and Pune together have around 35,200 units, which are collectively worth Rs 37,550 crore. This accounts for 57% of the total value of ready unsold homes across all top 7 cities,” said Anuj Puri, Chairman – ANAROCK Property Consultants. Of the key cities, highly Covid-19-impacted MMR has the maximum ready stock of nearly 19,200 unsold homes worth nearly Rs 26,150 crore. However, this ready stock is just 9% of the total unsold inventory (of 2.13 lakh units) in the region.

Pune has the second-highest ready unsold stock of nearly 16,000 units worth over Rs 11,400 crore. This is close to 17% of the total unsold stock of 93,300 units available in the city. NCR comes third with nearly 15,600 unsold ready homes worth Rs 10,720 crore. This accounts for just 9% of the total unsold inventory of 1.73 lakh units in the region. Bangalore currently has ready unsold stock of around 10,100 units worth Rs 7,150 crore. Overall, this is nearly 16% of the total 62,800 units of unsold stock in the city.