Residential inventory levels in nine cities at 13-quarter low: Report

MUMBAI: Unsold inventory across nine property markets touched its lowest level in 13 quarters owing to lower number of launches and better sales. Inventory levels were down 11% from a year ago and 5% sequentially, showed a PropTiger report.

All nine cities except Kolkata witnessed a decline in unsold inventory from a year ago levels. Noida reported the highest on-year decline of 20% in unsold inventory whereas unsold inventory in Kolkata witnessed no change.

The study includes property markets of Mumbai, Gurgaon, Noida, Kolkata, Pune, Hyderabad, Bengaluru, Chennai and Ahmedabad.


The drop in inventory level was majorly due to a steep reduction in new launches during the quarter as compared to the year ago period. Sales also rose 24% from a year ago.

With the reduction in unsold inventory, inventory overhang has decreased to 34 months as compared to 38 months a year ago. Ahmedabad has the highest inventory overhang of 47 months followed by Mumbai at 43 months. However, Hyderabad witnessed the lowest inventory overhang of 22 months followed by Chennai and Bengaluru at 23 and 24 months, respectively, the report showed.