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. These are some of the key findings of a report released by Liases Foras on Monday. According to the report, sales in National Capital Region witnessed a 19% fall followed by MMR (-4%) and Pune (-4%) on a year over year (YoY) basis. 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. The average per sq ft rate that stood at Rs 13,044 in the first quarter of 2018-19 stood at Rs 12,754 per sq ft, which is 2% less and when compared to the last quarter, it was down by 1 percent. When compared to other cities, Hyderabad saw the maximum increase in prices by 16 percent followed by extremely marginal growth in Bengaluru, Kolkata and Pune. Sales in the affordable segment (less than Rs 25 lakh) increased by 13 percent on a Quarter on Quarter (QOQ) basis and decreased by 10 percent on YoY basis. In MMR, a total of 17,171 units were sold in the first quarter of 2019-20, of which 2,858 units were sold in the category of less than Rs 25 lakh. The highest sale was noticed in the Rs 50 lakh to Rs 1 crore market, where 4,776 units were sold and the least was in the Rs 2 crore plus market where 1,705 units were sold. The report states, "MMR recorded the maximum amount of overall sales with a contribution of 17,171 units (25%), followed by NCR with 12,089 units (17%) and Pune with 10,638 units (15%)." Pankaj Kapoor, MD, Liases Foras said, "Like last quarter, close to 54 percent of the sales of this quarter were contributed by sub-50 lakh segment. Growth in the segment is supported by various government schemes and initiatives. Highest Inflow Even in the new supply market, MMR witnessed the highest inflow with 20,108 units, of which 5,417 units were launched in the price bracket of `50 lakh to `1 crore followed by 4,643 units in the price bracket of `25 lakh to 50 lakh, the least number of homes launched were in the price bracket of Rs 2 crore and above which stood at 1,313 units.

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