Outlook Business Desk
Amid limited new supply of affordable housing (priced below Rs 40 lakh) over the past year, unsold inventory in India's top 7 cities in this segment dropped by 19% year-on-year to about 1.13 lakh units by Q1 2025, according to a new Anarock report.
During the same period, housing units priced between Rs 40–80 lakh also dropped by 10% year-on-year—from approx 1.75 lakh units to 1.58 lakh units. Overall unsold housing inventory across all budget segments in the top 7 cities dipped marginally by 4% to about 5.60 lakh units.
Bengaluru saw the steepest 51% drop in unsold affordable units, followed by Chennai (44%), Pune (28%), NCR (22%), Kolkata (20%), and MMR (11%). Only Hyderabad saw a 9% rise.
Meanwhile, unsold luxury housing units (priced above Rs 1.5 crore) increased from 91,125 in Q1 2024 to over 1.13 lakh in Q1 2025 across top cities, driven by new supply and investor caution, the agency noted.
The premium housing category, priced between Rs 80 lakh and Rs 1.5 crore, saw stable unsold inventory, remaining around 1.76 lakh units from Q1 2024 to Q1 2025.
Luxury housing inventory rose in Mumbai (6%), Delhi-NCR (78%), Bengaluru (57%), Hyderabad (6%), and Kolkata (96%). Only Chennai and Pune recorded declines of 4% and 11% respectively.
“Affordable housing faced the sharpest pandemic fallout but a 19% dip in unsold stock hints at sustained demand led by end-users,” said Anuj Puri Chairman Anarock.
As of Q1 2025-end, around 5,59,808 housing units remain unsold across the top 7 cities. Of these, approximately 1,12,744 units are in the affordable segment and about 1,13,193 units in the luxury category — with each segment making up nearly 20% of the total unsold inventory.