NCR Housing Inventory Declines Sharply

24 May 2024 CW Team

The National Capital Region (NCR) has witnessed a remarkable 57% reduction in unsold housing inventory over the past five years, marking the highest decline in the country. From approximately 200,000 units at the end of the first quarter of 2018, the unsold stock plummeted to 86,420 units by the end of the first quarter in 2024. This trend reflects a significant upturn in the residential real estate sector, driven by increased demand and strategic market adaptations by developers.

Particularly noteworthy are the areas of Greater Noida and Ghaziabad, where unsold inventories have decreased dramatically. Greater Noida saw a reduction of 70% in its unsold stock since the first quarter of 2018, while Ghaziabad's unsold inventory declined to 11,011 units from 37,005 units during the same period. Noida also reported a substantial decline, with unsold units dropping to 7,451 from 25,669.

This positive shift is anticipated to spur a wave of new residential projects, especially in the luxury segment, as developers respond to a recovering market and growing consumer confidence. The decline in unsold stock is partly attributed to changing consumer behaviors post-COVID-19, with an increased number of buyers preferring to own homes rather than rent. This shift has been supported by various factors, including favorable property prices and government incentives such as GST rate cuts.

The reduction in unsold housing inventory is a significant indicator of market recovery in the NCR, suggesting a healthier balance between supply and demand. This is expected to stabilize property prices and encourage further investments in the region's real estate sector. As the market continues to recover, the focus on nearly completed or ready-to-move-in apartments is likely to persist, appealing to buyers eager to avoid risks associated with under-construction projects.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..