Unsold affordable units drop 19% in top 7 cities in Q1 CY25, bucking slump

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Unsold affordable units drop 19% in top 7 cities in Q1 CY25, bucking slump - Business Standard

Quick Summary:

Among the top seven cities, Kolkata and the National Capital Region (NCR) recorded the highest increase in unsold luxury inventory, at 96 per cent and 78 per cent respectively.

This comes even as affordable housing — priced at less than Rs 40 lakh — had suffered post the Covid-19 pandemic, with buyers in this segment adopting a cautious approach and both new supply and sales declining in recent years.

According to Anarock data, luxury housing gained momentum after the pandemic, with its share in total sales increasing from 7 per cent in 2019 to 26 per cent in 2024, and its share in new supply doubling from 11 per cent to 26 per cent.