openPR Logo
Press release

Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities

10-24-2019 04:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Openpr

Anarock property

Anarock property

• As on Q3 2019 end, 6.56 lakh units were unsold across the top 7 cities - nearly 12% are ready-to-move-in
• MMR has maximum ready homes with approx. 21,000 units, followed by NCR with 16,800 units & Pune with 14,260 units
• In Chennai, nearly 32% of total unsold inventory is ready-to-move-in; 17% in Bangalore; NCR & MMR have just 9% each of unsold ready homes in their overall unsold stock of total 81,300 ready homes, 35% are in the affordable segment while 13% (approx. 10,000 units) in premium segment priced >INR 1.5 Crore

Mumbai, 21 October 2019: Homebuyers seeking ready-to-move-in properties in the ongoing festive quarter are spoiled for choice. ANAROCK research indicates that nearly 81,300 unsold homes are currently ready-to-move-in across the top 7 cities. As on Q3 2019 end, approx. 6.56 lakh units were lying unsold across the top 7 cities and out of this nearly 12% are ready to be occupied.

Anuj Puri, Chairman - ANAROCK Property Consultants says, "Among the top 7 cities, MMR has the maximum ready unsold stock equalling nearly 21,000 units, followed by NCR which has nearly 16,800 unsold ready units and Pune with 14,260 ready units. In the South, Bangalore and Chennai have an almost equal number of ready unsold supply with 10,640 units and 10,160 units respectively. Kolkata has 5,620 ready unsold homes, and Hyderabad has the least ready stock with about 2,520 unsold units. Hyderabad also has the least overall unsold stock (of 23,890 units) among the top 7 cities."

Interestingly, on studying the overall share of the ready units out of the total unsold stock in each of these cities, Chennai tops out - of the total 31,380 unsold units in the city (as on September 2019) 32% is ready-to-move-in (approx. 10,160 units). Bangalore follows with nearly 10,640 units ready for possession out of a total 63,540 units - a 17% share. In Pune, nearly 15% of the total unsold stock - nearly 14,260 units of 92,560 unsold units - are ready-to-move. In Hyderabad and Kolkata, the share of ready stock among total unsold stock is 11% and 13% respectively.

Ready Homes: Budget Analysis

The data of current ready unsold inventory across top 7 cities reveals that the maximum ready stock is in the affordable segment priced INR 1.5 Crore. Not surprisingly, MMR and NCR have maximum ready unsold stock in the luxury and ultra-luxury segments. Together, they account for nearly 66% of the total 10,000 available ready units.

Top Micro-markets with Ready Supply

The prominent micro-markets with generous ready unsold stock in the top 7 cities are:

• MMR - Badlapur, Palghar and Virar have nearly 3,060 ready unsold units
• NCR - Central Noida, Greater Noida West and Yamuna Expressway have more than 7,270 units that are ready-to-move-in.
• Bangalore - the prominent IT hubs of Whitefield, Electronic City and Sarjapur Road collectively have more than 2,810 unsold ready units
• Pune - Balewadi, TalegaonDabhade and Wagholi have ready unsold inventory of nearly 2,830 units.
• Hyderabad - Gachibowli, Kondapur and Narsingi have approx. 1,040 units that are ready-to-move-in.
• Chennai - Iyyappanthangal, OMR and Perambur have around 4,450 unsold ready units.
• Kolkata - Maheshtala, Rajarhat and RajpurSonarpur have more than 2,290 ready unsold units.

Office No. - 901 A, 9th Floor, Onyx, next to Westin Hotel, Koregaon Park,
Pune, Maharashtra - 411001

ANAROCK is one of the leading real estate services company in India with diversified interests across real estate value chain. Our growing business teams account for over 1800 real estate specialists with operations in all major Indian and GCC markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities here

News-ID: 1856408 • Views: 419

More Releases from Openpr

Alee Houston: Looks forward to be back on stage!
After 2020 disrupted all our clubbing and party plans, this year we have the “Perfect Party Rocker” back to amaze us with his dope tunes! In conversation with Alee Houston, we unveil his big plans for 2021! “Can't wait to get back on the stage and perform my new songs!!” Finally, out from a year of staying at home and normalcy kicking in, Alee Houston wants to this “new normal” to
Empowering Women is Empowering Economy
9 March 2020, Mumbai - India Did you know that currently, the Female Labor Force Participation is only 26.97%! As per the International Monetary Fund (IMF), India's GDP is likely to intensify to as much as 27%, if women's participation in India becomes equal to that of men. Is it too much to ask? Researchers believe that women in business are the key to increased business, the Financial Future is
Tracedeals.in becomes India’s first coupons & deals website with ultra-fast li …
(24 Dec 2019) Hyderabad based startup, Tracedeals.in has become the first coupons & deals website in India to add the fastest live search to find the best deals from leading eCommerce websites. Live search will enable visitors to view the results in real-time, with the best deals shown as and when they happen across websites. “We are delighted to be among the pioneers in providing the best and relevant deals
Ban Labs offers a Festive Discount of 50% on the entire range of CARE Organic Gr …
21- Dec- 2019, BAN Labs was founded by Dr. D. K. Patel in 1966 with the aim of promoting the core essence of Ayurveda. Ban Labs is a 4000+ strong team today, being managed by Mr. Maulesh Ukani, Director. “We take utmost care to ensure our customers enjoy the best green-tea experience. It is plastic-free and no stapler pin is used so it is safe and ecofriendly for everyday health support.

All 5 Releases


More Releases for MMR

Measles, Mumps and Rubella (MMR) Vaccines Market 2021 | Detailed Analysis of Pot …
Measles, Mumps and Rubella (MMR) Vaccines Market Report 2021 added recently by Coherent Market Insights, evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportunities and application landscape of the Measles, Mumps and Rubella (MMR) Vaccines depending on the industry's financial and non-financial impact. The complete range of information related to
MMR Vaccine Market Share, Supply, Analysis and Forecast to 2025
Global MMR Vaccine Industry New Study on “2018-2025 MMR Vaccine Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database This report studies the global MMR Vaccine market status and forecast, categorizes the global MMR Vaccine market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East &
Measles, Mumps and Rubella (MMR) Vaccines Market Opportunity Analysis, 2026 – …
Measles, mumps, and rubella are the three common contagious airborne diseases that are highly caused by virus transmitted by sneezing and coughing of the infected person, which could lead to serious complications or death among children. Vaccines of these diseases are sold as attenuated viral vaccines, manufactured in a lyophilised formulation, which requires reconstitution with water for injection diluent and are available in two forms i.e. monovalent as well as
MMR Vaccine Market Research and Analysis Report 2018
Global MMR Vaccine Industry New Study on “2018-2025 MMR Vaccine Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” added to Wise Guy Reports Database This report studies the global MMR Vaccine market status and forecast, categorizes the global MMR Vaccine market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East &
Global Multi-mode Receiver (MMR) Market 2018 - Honeywell International Inc., Leo …
Apex Market Reports, recently published a detailed market research study focused on the “Multi-mode Receiver (MMR) Market” across the global, regional and country level. The report provides 360° analysis of “Multi-mode Receiver (MMR) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Multi-mode
Global MMR Vaccine Market Professional Survey And Forecast Report 2017
"The Report Global MMR Vaccine Market Professional Survey Report 2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" This report studies MMR Vaccine in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global