Unsold housing stock in Mumbai Metropolitan Region rises 7% compared to last year

  • | Tuesday | 13th August, 2019

The unsold housing stocks in Mumbai Metropolitan Region has increased by 7% when compared to the last year. Prices have come down marginally by 1% and 2% when compared to the last quarter and the first quarter of the previous year in MMR, respectively. Sales in MMR is down by 4% compared to the last year. Unsold stocks at the end of the first quarter of 2019-20 stood at a massive 2,90,089 units, which is 7% high when compared to the unsold stock in the first quarter of 2018-19, which stood at 2,69,867 units. The same for Pune in the first quarter of 2019-20 stood at 1,38.371 units and for NCR, it was 1,94,980 units.

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