NCR's unsold stock is currently at a decadal low : Anarock
Delhi-NCR has dipped from 1,23,692 units by 2022-end to approximately 94,803 units by 2023-end as it remained one of the most vibrant residential markets among the top 7 cities in 2023.
Despite robust sales in the region last year, developers throttled back new supply to support the liquidation of previous unsold stock, leading to a significant reduction in market inventory.
According to Anarock data, there was a 23% yearly decline in Delhi-NCR’s unsold inventory.
This is the highest annual decline of unsold housing stock among the top 7 cities. NCR's unsold stock is currently at a decadal low, sinking below one lakh units for the first time in the last ten years.
«Delhi-NCR witnessed approximately 36,735 units launched in 2023, and robust housing sales of approximately 65,625 units.
Developers continue to consciously restrict new supply in the region so that they can remain focused on project completions and thus reduce their previous unsold stock. The current unsold stock in the region is way below the other realty hotspot MMR, where the available stock has risen to more than 2 lakh units,” said Santhosh Kumar, Vice Chairman — ANAROCK Group.
Of the total unsold inventory in NCR, Gurugram currently has the maximum stock of around 37,575 units, marking a 27% annual decrease.
Back in 2022-end, the city's unsold stock stood at approximately 51,312 units.
»NCR’s inventory has also reached below other top cities, including Pune and Hyderabad. This is remarkable, considering that NCR historically had one of the highest unsold stock burdens among the top 7 cities,” said Kumar.
Greater Noida comes next with approximately 18,825 units unsold by 2023-end, against approximately 26,096 units back in 2022-end. Greater Noida
