What is the unsold inventory level in Indian cities?

Unsold inventory in Indian real estate refers to the total number of residential units launched by developers that remain unsold at any point in time. It is a key indicator of market health, developer financial risk, and the demand-supply balance.

Current Unsold Inventory Levels (2024 Estimates)

• Top 7 cities combined: Approximately 6–7 lakh unsold residential units.
• Mumbai Metropolitan Region (MMR): ~2.2 lakh units (historically highest absolute inventory).
• Delhi NCR: ~1.8 lakh units (down from peak of 3.5 lakh).
• Bengaluru: ~75,000–80,000 units (healthy; high absorption market).
• Hyderabad: ~70,000 units.
• Pune: ~90,000 units.
• Chennai: ~55,000 units.

Months-to-Sell (MTS) Metric

• MTS measures how many months it would take to sell current inventory at the current absorption rate.
• Healthy MTS: 18–24 months.
• Stressed MTS: 36+ months.
• India's top 7 cities now averaging 18–22 months MTS a significant improvement from 40+ months in 2017.

Unsold inventory levels in Indian cities have improved dramatically over the past 5 years, moving the market toward healthier equilibrium. While NCR and MMR still carry significant absolute inventory, improving absorption rates suggest the market is in a sustainable recovery phase.