Unsold housing stock rose by 24% in the top 7 cities: JLL India

10 Jun 2024 CW Team

Due to increased availability, unsold housing stocks in seven key cities have increased by 24% since 2019, but real estate companies will sell these properties faster because of strong sales velocity, predicts JLL India.

The actively selling unsold housing inventory will reach around 4,68,000 units by March 2024, a 24% rise since December 2019, according to research provided by real estate consultancy JLL India. This inventory is spread across seven main cities: Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. The consultant pointed out that there has been a notable decrease in the anticipated time needed to sell these homes, despite this spike in unsold inventory.

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