Diabytes
Pune real estate News
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The fall in Sales Volume, combined with the rise in Inventory Overhang has put a slight pressure on sales momentum, indicating the need for a balanced approach towards the marketplace.
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With 61,151 new homes introduced to the market in the last six months, 2021 saw a 48.5 percent increase in new residential unit launches compared to the same period in 2020.
The fresh supply increased by 61% in the six months ended December 2021.
On the other hand, the available inventory was reduced by 2% to 71,778 units in 2019 compared to 2020.
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According to the report, H1 2021 saw a fresh supply of 26,611 units which is 26 percent higher than H1 2020.
Compared to pre-COVID times, it is still half of what it was in December 2019 just before COVID-19 hit the country.
According to the report, the inventory available for sale has also reduced to 59,224 units, a reduction of 21% from 75,421 units a year ago.
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