The Mumbai Metropolitan Region (MMR) has seen real estate prices jump 48% in five years. MMR has become one of India's hottest real estate markets due to reduced unsold inventory and rising demand. A detailed look at what caused this massive surge.

Indian cities like Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata have seen tremendous residential real estate growth. According to a recent survey, selling active unsold home inventory took 22 months in Q1 2024, down 31% from 32 months in 2019.

According to JLL, the time to sell active unsold housing inventory in India's top seven cities—Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata—has dropped 31%. Due to rising home demand, inventory liquidation took 22 months in Q1 2024, down from 32 months in 2019.

Over the previous six years, unsold flat stock in the Mumbai Metropolitan Region (MMR) has dropped 14%. On Thursday, ANAROCK Research said that unsold apartments fell from 2.23 lakh in the first quarter of 2018 to 1.93 lakh by March 2024.

Unsold home inventory in the National Capital Region (NCR) has dropped 57% in five years. Unsold stock fell from 200,000 units in Q1 2018 to 86,420 units in Q1 2024, the greatest drop in the nation.

Bengaluru, Delhi NCR, and Kolkata have witnessed house costs rise 20% in the previous two years. These locations saw a 30% price spike from 2021 to 2023 due to strong demand for mid- and luxury homes, according to Colliers.

From increasing the price of unsold inventory to lowering supply chain costs, the Confederation of Real Estate Developers' Association of India (CREDAI) - Maharashtra Chapter of the Housing Industry is considering a variety of strategies (MCHI).

As the Indian real estate market struggles with unsold inventory and sagging sales compounded by the Covid 19 pandemic, the affordable housing segment could prove to the perfect booster for property market in India.

Reeling under the pressure of unsold inventory and delayed plans, NCR witnessed a dip in land cost for the first time in three years in the first half of 2016, reveals a Knight Frank submission. Likewise, new launches took a backseat as planners shifted f

As the real estate zone continues to struggle with slow pace of sales, the number of unsold flats has increased across several plans in metro cities. This has resulted in a significant addition to the stock of unsold inventory which is agonising for plann