Housing inventory overhang lowest in 5 years due to robust sales

12 Apr 2023 CW Team

The housing inventory overhang in India's top seven cities was 20 months at the end of the January-March quarter, according to data from real estate consultancy Anarock released on Monday. In the quarter ending December 2020, it was the longest at 55 months.

The inventory overhang is the time it would take to sell the area's current housing listings. A lower overhang indicates higher demand in a specific area.

According to the data, Bengaluru had the shortest inventory overhang of 13 months. "In Q1CY23, the top seven cities recorded all-time high sales of more than 114,000 units," says Anarock Group Chairman Anuj Puri. "The quarter broke all records and breached the 100,000 units mark for the first time. Strong homeownership sentiment, relatively lower home loan rates, strong momentum in luxury housing and the anticipation of further price hikes were major factors in boosting housing sales, bringing down the overall residential inventory overhang across the top cities."

The housing inventory overhang in India's top seven cities was 20 months at the end of the January-March quarter, according to data from real estate consultancy Anarock released. In the quarter ending December 2020, it was the longest at 55 months. Hyderabad's inventory overhang was reduced to 21 months in Q1CY23, from 23 months in Q1CY18.

Pune's inventory overhang was 20 months as of the end of Q1CY23. It was 40 months during the same period in 2018, and it increased to 43 months in Q1CY21.

Chennai's inventory overhang also decreased significantly, from 36 months in Q1CY18 to 20 months in Q1CY23.

The residential inventory overhang in Kolkata fell from 46 months in Q1CY18 to 20 months at the end of Q1 CY23.

Also Read
Indiabulls Housing Finance ropes in Oaktree Capital
5 States Front-runners in State Energy Efficiency Index 2021-22

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..