ANAROCK Property Consultants

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%
  • As of Q1 2022-end, the total available stock of affordable housing (<INR 40 lakh) in the top 7 cities is approx. 1,86,150 units; 2,34,600 units at Q1 2020-end
  • Chennai, Pune & MMR saw the highest supply decline of 52%, 33% & 27%, respectively
  • Supply of ultra-luxury homes (>INR 2.5 Cr) declined 5% in the same period – from approx. 41,750 units in Q1 2020-end to approx. 39,810 units by Q1 2022-end; MMR & Kolkata shed maximum ultra-luxury stock of 16% & 15%, respectively
  • Mid segment housing saw a 4% decline – from 1,97,880 units in Q1 2020-end to 1,89,310 units by Q1 2022-end
  • Premium & luxury homes (INR 80 lakh to INR 2.5 Cr) unsold stock increased in the same period

Mumbai, 19 April 2022: While the new supply of affordable housing has been shrinking over the last two pandemic years, demand remains healthy. ANAROCK data reveals that out of the total unsold stock across the top 7 cities, affordable housing inventory saw the most significant decline of 21% – from 2,34,600 units by Q1 2020-end to 1,86,150 units by Q1 2022-end.

Continue reading Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5% at Anuj Puri.

Corporate Office

1002 -10th Floor, B Wing, One BKC, G Block,BKC, Bandra (E), Mumbai 400 051, Maharashtra

Phone No. +91 22 42934293

Stay updated with latest trends & reports with ANAROCK Insights - Subscribe below fill-in

We value diversity within ANAROCK Group and are committed to offering equal opportunities in employment. We do not discriminate against any team member or applicant for employment on the basis of nationality, race, colour, religion, caste, gender identity / expression, sexual orientation, disability, social origin and status, indigenous status, political opinion, age, marital status or any other personal characteristics or status. ANAROCK Group values all talent and will do its utmost to hire, nurture and grow them.