Over 98,000 unsold homes in Delhi-NCR at 2022-end: PropTiger report

The Delhi-NCR market has 98,290 unsold housing units at the end of 2022 calendar year and it will take around five years for builders to sell these stocks at current sales velocity, according to PropTiger.com. In its latest report, housing brokerage firm PropTiger has mentioned that unsold inventory rose 17 per cent in 2022 to 8,49,510 units across eight major cities. Out of these, nearly 8.5 lakh unsold stocks, 80 per cent units are under construction, while 20 per cent homes are completed and ready-to-move-in. These cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. With improvement in housing sales across 8 cities, the inventory overhang -- the estimated time builders would take to sell off the existing unsold stock based on the current sales velocity -- has declined to 33 months in 2022, as compared to 42 months during 2021, the consultant said. "Pune, Kolkata and Chennai have the lowest inventory overhang of

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