7.85 lakh unsold housing stock in top 8 cities in Sept-end; builders need 32 months to clear: Report

Times of India

Lean Right

7.85 lakh unsold housing stock in top 8 cities in Sept-end; builders need 32 months to clear: Report

Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity, according to PropTiger. However, in Delhi-NCR residential market, it will take 62 months to sell over 1 lakh unsold housing units. Kolkata has the lowest inventory overhang of 24 months.