+
Greater Noida & Noida see reduction in unsold housing stocks
Real Estate

Greater Noida & Noida see reduction in unsold housing stocks

According to data analytics company PropEquity, unsold housing stocks decreased 6% between January and March to over 5.18 lakh units across 14 cities compared to the prior quarter due to better sales. Between January and March of this year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the first quarter of this year, while there were 93,600 new launches.

In the first quarter of 2023, India's residential market grew significantly. According to Samir Jasuja, Founder & Managing Director at PropEquity, "Market revival has been brought about by the recovery trend since last year, with quarterly sales topping the new launches in this quarter by 32%. In the first quarter, sales outpaced new supply, which is positive news for the home market,” he continued.

According to the report, Delhi's unsold stock was steady at 793 units between January and March, compared to 790 units the previous quarter. Unsold inventory in Faridabad decreased by 17%, from 1,110 units to 920 units. Unsold stockpiles in Ghaziabad decreased by 8% to 11,542 units from 12,614 units, while they decreased by 7% in Noida to 6,843 units from 7,371 units. Unsold inventory in Greater Noida decreased by 5%, from 25,241 units to 23,865 units.

Unsold stock decreased by 11% in Kolkata, from 20,566 units to 18,247 units. Unsold housing stock decreased in Mumbai by 8% to 62,735 units from 68,310 units and in Navi Mumbai by 9% to 31,735 units from 34,883 units. Unsold inventory in Thane decreased by 4%, from 1,13,700 units to 1,09,511 units. Unsold stock decreased by 11% in Pune, from 77961 to 69331 units.

According to data analytics company PropEquity, unsold housing stocks decreased 6% between January and March to over 5.18 lakh units across 14 cities compared to the prior quarter due to better sales. Between January and March of this year, unsold inventory decreased from 5,48,217 units to 5,17,879 units. Housing sales were 1,23,938 units during the first quarter of this year, while there were 93,600 new launches. In the first quarter of 2023, India's residential market grew significantly. According to Samir Jasuja, Founder & Managing Director at PropEquity, Market revival has been brought about by the recovery trend since last year, with quarterly sales topping the new launches in this quarter by 32%. In the first quarter, sales outpaced new supply, which is positive news for the home market,” he continued. According to the report, Delhi's unsold stock was steady at 793 units between January and March, compared to 790 units the previous quarter. Unsold inventory in Faridabad decreased by 17%, from 1,110 units to 920 units. Unsold stockpiles in Ghaziabad decreased by 8% to 11,542 units from 12,614 units, while they decreased by 7% in Noida to 6,843 units from 7,371 units. Unsold inventory in Greater Noida decreased by 5%, from 25,241 units to 23,865 units. Unsold stock decreased by 11% in Kolkata, from 20,566 units to 18,247 units. Unsold housing stock decreased in Mumbai by 8% to 62,735 units from 68,310 units and in Navi Mumbai by 9% to 31,735 units from 34,883 units. Unsold inventory in Thane decreased by 4%, from 1,13,700 units to 1,09,511 units. Unsold stock decreased by 11% in Pune, from 77961 to 69331 units.

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?