MUMBAI: Unsold inventory of residential real estate projects is declining across tier-1 Indian cities. City-wise, unsold inventory in Mumbai Metropolitan Region (MMR) was down 14% y-o-y at 31 months in January. In the National Capital Region, unsold inventory fell 9% y-o-y at 89 months in January on account of lower launches in the past few months. Bengaluru witnessed a 6% y-o-y drop in unsold inventory, which was the biggest decline in 14 months, said the Emkay report. On the other hand, Hyderabad witnessed a 9% y-o-y growth in unsold inventory.

Source: Mint February 25, 2021 05:58 UTC