Home > Delhi NCR > भिवाड़ी > Unsold residential inventory mounts to 1.68 lakh units in DELHI & NCR: ASSOCHAM

Unsold residential inventory mounts to 1.68 lakh units in DELHI & NCR: ASSOCHAM

July 17, 2015 | By

NEW DELHI: The NCR residential market is stuck with an estimated inventory of 1,68,000 units while another 90,000 dwelling units that are under construction are likely to be delayed for hand-over, according to a survey by industry body ASSOCHAM.

demolish

“A large inventory is piling up despite prices correcting by over 20 per cent in the last one year, while there is a huge fall in the new projects being launched by developers who are hard-pressed for cash,” the study said.

ASSOCHAM pointed out that the increase in inventory level is because of falling demand from actual users as well as investors. A majority of the respondents who were part of a survey of 120 real estate developers in the NCR, said that even ready-to-move-in flats are finding few buyers.

The survey reveals that demand for buying property in the NCR has decreased by over 30-35 per cent over the last year.

According to survey, the residential market has witnessed a steep decline by 30-35 per cent in new launches as well as demand resulting a significant shrinkage. The unsold inventory pressure in NCR region is the highest among all other cities.

Related Posts Plugin for WordPress, Blogger...
About Author
Prop Daily

Leave a Reply

Your email address will not be published. Required fields are marked *