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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..