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

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

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.     

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.     

Next Story
Infrastructure Energy

Gujarat Adopts Tariff for Solar Projects

Gujarat has taken a significant step in its renewable energy journey by adopting tariffs for solar projects, reflecting its commitment to sustainable energy sources. This move aligns with global efforts to transition towards cleaner and greener power generation. Gujarat's decision to adopt tariffs for solar projects underscores its proactive approach to harnessing solar energy's potential. This initiative is part of the state's broader strategy to promote renewable energy and reduce reliance on traditional fossil fuels. The adoption of tariffs for solar projects in Gujarat signifies a pivotal ..

Next Story
Infrastructure Transport

Bihar's Railway Goes Solar, 10 MW Projects

Bihar's railway sector is undergoing a significant transformation with the implementation of 10 MW solar projects. These projects mark a pivotal shift towards sustainable energy practices within the state's railway infrastructure. The primary objective behind these initiatives is to reduce the carbon footprint of railway operations while simultaneously enhancing operational efficiency. The adoption of solar energy in Bihar's railway network reflects a broader commitment to environmental sustainability. By harnessing solar power, the railway aims to minimize its reliance on conventional energy ..

Next Story
Infrastructure Energy

GPCL Issues Consultancy for Storage Project

In a strategic move towards bolstering its energy storage capabilities, Gujarat Power Corporation Limited (GPCL) has issued a consultancy tender for a storage project. This initiative reflects GPCL's proactive approach in adopting advanced technologies to address the evolving needs of the power sector. The consultancy tender marks a crucial step towards integrating efficient energy storage solutions, ensuring a more resilient and sustainable power infrastructure. The storage project, facilitated through the consultancy tender by GPCL, signifies a shift towards innovative solutions for storing ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000

Join us Telegram