By end of 2022, there are over 98,000 unsold properties in Delhi-NCR
Real Estate

By end of 2022, there are over 98,000 unsold properties in Delhi-NCR

According to PropTiger.com, it will take builders around five years to sell all 98,290 unsold housing units in the Delhi-NCR market at the present sales pace. PropTiger noted in its most recent report that unsold inventory increased 17% to 8,49,510 units across eight major cities in 2022. Out of these, there are over 8.5 lakh unsold stocks, of which 80% are under construction and 20% are finished and ready to move into. Delhi-NCR, the Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune, and Ahmedabad are among these cities.

The inventory overhang, or the estimated time it would take builders to sell off the existing unsold stock based on the current sales velocity, has decreased to 33 months in 2022, as opposed to 42 months during 2021, the consultant said. This is due to an improvement in housing sales across 8 cities. According to PropTiger, Delhi NCR continues to have the biggest inventory overhang at 61 months, while Pune, Kolkata, and Chennai have the lowest inventory overhang at 26 months.

As sales velocity has remained low, the Delhi-NCR market has been dealing with this problem of unsold inventory for many years. As a result of numerous major developers, including Unitech, Amrapali, Jaypee Infratech, The 3C Company, and Ajnara Group, the NCR market is afflicted by the issue of stalled projects. While many builders are experiencing cash issues, several businesses have filed for bankruptcy and are now subject to insolvency processes. Home buyers are being more selective and choosing to buy from only reputable sellers.

According to data from PropTiger, Ahmedabad's unsold inventory increased by 8% to 68,450 units in 2022 over the previous year. Unsold inventory in Bengaluru was increased by 18% to 78,500 units. In Hyderabad, the unsold inventory increased 72% to 1,13,060 units in 2022. Unsold inventory climbed in 2022 in Pune by 11% to 1,32,330 units and in Mumbai by 22% to 3,04,770 units, the state's two largest real estate markets. The number of unsold units fell by 13% in Chennai to 30,940 units. 98,290 units were sold in Delhi NCR in 2022, a 4% decrease from the year before. During the 2022 calendar year, Kolkata also had a 10% decrease in unsold inventory year over year, down to 23,170 units.

A rapid surge in the amount of new supply was what caused the increase in unsold housing stocks. The number of new launches across the eight cities increased to 4,31,510 units in 2022, according to statistics from PropTiger. In these eight cities, housing sales increased by 50% from 2,05,940 units in 2021 to 3,08,940 units in 2022.

According to PropTiger.com, it will take builders around five years to sell all 98,290 unsold housing units in the Delhi-NCR market at the present sales pace. PropTiger noted in its most recent report that unsold inventory increased 17% to 8,49,510 units across eight major cities in 2022. Out of these, there are over 8.5 lakh unsold stocks, of which 80% are under construction and 20% are finished and ready to move into. Delhi-NCR, the Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune, and Ahmedabad are among these cities. The inventory overhang, or the estimated time it would take builders to sell off the existing unsold stock based on the current sales velocity, has decreased to 33 months in 2022, as opposed to 42 months during 2021, the consultant said. This is due to an improvement in housing sales across 8 cities. According to PropTiger, Delhi NCR continues to have the biggest inventory overhang at 61 months, while Pune, Kolkata, and Chennai have the lowest inventory overhang at 26 months. As sales velocity has remained low, the Delhi-NCR market has been dealing with this problem of unsold inventory for many years. As a result of numerous major developers, including Unitech, Amrapali, Jaypee Infratech, The 3C Company, and Ajnara Group, the NCR market is afflicted by the issue of stalled projects. While many builders are experiencing cash issues, several businesses have filed for bankruptcy and are now subject to insolvency processes. Home buyers are being more selective and choosing to buy from only reputable sellers. According to data from PropTiger, Ahmedabad's unsold inventory increased by 8% to 68,450 units in 2022 over the previous year. Unsold inventory in Bengaluru was increased by 18% to 78,500 units. In Hyderabad, the unsold inventory increased 72% to 1,13,060 units in 2022. Unsold inventory climbed in 2022 in Pune by 11% to 1,32,330 units and in Mumbai by 22% to 3,04,770 units, the state's two largest real estate markets. The number of unsold units fell by 13% in Chennai to 30,940 units. 98,290 units were sold in Delhi NCR in 2022, a 4% decrease from the year before. During the 2022 calendar year, Kolkata also had a 10% decrease in unsold inventory year over year, down to 23,170 units. A rapid surge in the amount of new supply was what caused the increase in unsold housing stocks. The number of new launches across the eight cities increased to 4,31,510 units in 2022, according to statistics from PropTiger. In these eight cities, housing sales increased by 50% from 2,05,940 units in 2021 to 3,08,940 units in 2022.

Next Story
Infrastructure Transport

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Next Story
Infrastructure Urban

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Next Story
Infrastructure Urban

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement