Over 83K housing units in Hyderabad are yet to be sold

Despite new businesses in the city, a rise in housing sales inventories was noticed compared to last year, with 83,700 housing units yet to be sold.  

Hyderabad witnessed an 18 per cent rise in its housing sales inventories, according to a report by CII Anarock Housing Boom.  

NCR, Chennai, Kolkata and Bengaluru witnessed a decline in inventory levels. MMR and Pune joined Hyderabad in an increase in their housing sales inventories by 13 per cent and 6 per cent.  

The report also said that Pune and Chennai have the highest volume of available units in the mid-segment.  

Property consultant Knight Frank India mentioned that the registration of residential properties in Hyderabad fell by 3 per cent to 5274 units.  

The total value of properties registered stood at Rs. 2816 crores against Rs. 2837.7 crores in the year-ago period. 

Hyderabad and Bengaluru have the highest units in the high-end price bracket.