Hyderabad’s unsold housing stock reduces in 2021

Hyderabad’s unsold housing stock reduces in 2021

Hyderabad’s unsold housing stock reduces in 2021

Hyderabad’s unsold housing stock curtailed to 30 months in 2021 from 52 months in 2020. The current inventory overhang implies that the market witnessed adequate sales during the year. Hyderabad has lower unsold stocks than Delhi-NCR, Kolkata, Chennai, and Pune. 

Hyderabad sighted a 197 percent increase in sales from 8,560 units in 2020 to 25,410 in 2021 and added around 51,470 units in 2021, a year-on-year increase of 144 percent over 2020 and a 71 percent increase over pre-Covid 2019. 

Inventory calculated in months implies the duration it will take to sell the current unsold housing stock at the current absorption rate.  

Anuj Puri, the chairman of Anarock Group said that Hyderabad has been one of the most vibrant real estate markets among all top cities over 2021 and witnessed robust residential activity. 

The Indian residential market watched sales rebound to over 90 percent of the pre-pandemic 2019 levels, and Hyderabad plunged to 32 months by 2021-end, closing in on the 30 months as of 2019-end.  

Contemplating the prevailing housing sales speed and securing new supply across cities, the overall inventory overhang may reduce further in the future, if the third Covid-19 wave does not impact it. 

Disclaimer: The information provided above is for informational purposes only. https://propertyadviser.in does not guarantee the accuracy, completeness, or reliability of property.

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