Greater Noida & Noida see reduction in unsold housing stocks

25 Apr 2023 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..