Blog

About 4.4 lakh homes remained unsold in top seven cities in 2017: JLL India

About 4.4 lakh homes remained unsold in top seven cities in 2017: JLL India

As many as 4.4 lakh housing units were unsold in seven major cities at the end of 2017 with Delhi-NCR contributing maximum at over 1.5 lakh flats, property consultant JLL India said.The consultant expects high level of unsold inventories would result in stable housing prices.According to its recent survey, JLL said, “as many as 4,40,000 residential units remain unsold across key cities of India at the end of 2017.”Mumbai, Delhi-NCR, Chennai, Hyderabad, Pune, Bengaluru, Kolkata are seven cities covered in this survey.Out of the total unsold housing stock, the consultant said, 34,700 units are ready-to-move-in flats.Delhi-NCR has the highest volume at around 1,50,654 units which remained unsold in 2017, while Chennai has the highest percentage of completed unsold inventory at close to 20 per cent.Kolkata had the lowest volume of unsold inventory at about 26,000 units.

Source :- ET Realty