India's Housing Market Sees Record Low Inventory Overhang of 22 Months in Q2 2024
As the festive season approaches, the Indian housing market is expected to gain further momentum, boosting market activity and buyer sentiment.
Housing MarketInventory OverhangReal EstateIndiaQ2 2024Real Estate NewsSep 30, 2024
The decline in inventory overhang is a result of a combination of factors, including a decrease in new launches and an increase in sales velocity. The Indian real estate sector has been witnessing a gradual recovery since 2020, driven by government initiatives, policy reforms, and an increase in demand for housing.
According to a recent report, the inventory overhang in the Indian housing market has been declining steadily over the past few quarters. The report attributed this decline to a decrease in new launches and an increase in sales velocity. The report also stated that the inventory overhang is expected to decline further in the coming quarters, driven by increasing demand and limited new supply.
The decline in inventory overhang is a positive sign for the Indian housing market, as it indicates a reduction in the supply of unsold homes. This, in turn, is expected to lead to an increase in property prices, making it a good time for buyers to invest in the market.
In terms of regions, the report stated that the inventory overhang declined across all major cities in India, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad. The report attributed this decline to a combination of factors, including a decrease in new launches and an increase in sales velocity.
The Indian real estate sector has been witnessing a gradual recovery since 2020, driven by government initiatives, policy reforms, and an increase in demand for housing. The sector is expected to continue to grow in the coming years, driven by increasing demand and limited new supply.
About JLL India
JLL India is a leading international property consultancy, with a presence in India since 1993. The company provides a range of services, including property management, valuation, and advisory services.
About ANAROCK Property Consultants
ANAROCK Property Consultants is a leading real estate consultancy, with a presence in India since 2017. The company provides a range of services, including property management, valuation, and advisory services
Frequently Asked Questions
What is the current inventory overhang in the Indian housing market?
The current inventory overhang in the Indian housing market is 22 months, which is a record low.
What are the factors driving the decline in inventory overhang?
The decline in inventory overhang is driven by a combination of factors, including a decrease in new launches and an increase in sales velocity.
What is the expected trend in the Indian housing market in the coming quarters?
The Indian housing market is expected to continue to grow in the coming quarters, driven by increasing demand and limited new supply.
Which cities have witnessed a decline in inventory overhang?
The inventory overhang has declined across all major cities in India, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad.
What is the impact of the decline in inventory overhang on property prices?
The decline in inventory overhang is expected to lead to an increase in property prices, making it a good time for buyers to invest in the market.
Related News Articles
Speeding Cars Wreak Havoc in Maharashtra: Woman Injured, Multiple Fatalities Reported
A woman was flung in the air after being hit by a speeding car in Pimpri Chinchwad, while three separate accidents in Mumbai claimed multiple lives.
IAS Officer's Mother Arrested in Pune Over Land Dispute, Remanded to Police Custody
A Pune court has remanded the mother of an IAS probationer to police custody over a land dispute, while her husband and daughter face separate allegations of misconduct and disproportionate assets.
How Gen Z and Millennials are Redefining the Real Estate Market
The real estate market is undergoing a significant transformation as Gen Z and Millennials take centre stage, driven by their unique preferences and approaches to homeownership.
Reviving Stalled Real Estate Projects: NCLT Approves Alchemist Infra Realty's Acquisition
The acquisition of Alchemist Infra Realty Ltd by Vantage Point Asset Management Pte Ltd has been approved by the National Company Law Tribunal, paving the way for the revival of stalled real estate projects.
Mumbai's Residential Real Estate Market Set to Soar: Sales Value Expected to Exceed ₹2 Lakh Crore by 2030
Mumbai's residential market continues to attract substantial real estate investments, with record-high sales values and strategic infrastructure developments.
Bengaluru Real Estate: What Homeowners Without a Manual 'Khata' Should Know
To simplify the property registration process for nearly five lakh units, the Bruhat Bengalagara Mahanagara Palike (BBMP) has launched an online e-Khata system. This initiative aims to make property registration more convenient and transparent for homeown