Unsold Housing Inventory Rises 4% in Top 7 Indian Cities as New Supply Exceeds Demand
New Delhi: Real estate consultant Anarock has reported a 4% increase in unsold housing units across seven major Indian cities, with the total number of unsold units reaching nearly 5.77 lakh units at the end of 2025. This rise is attributed to a significant increase in new home supply, which has outpaced the demand for residential properties.
According to Anarock's data, the unsold housing inventory in the top seven cities rose from 5,53,073 units at the end of 2024 to 5,76,617 units at the end of 2025. Anarock explained, 'Annually, unsold inventory in the top 7 cities rose 4 per cent by 2025-end, largely because of tapered demand and increased new supply in the year.'
The data also reveals that housing sales in these cities fell by 14% annually to 3,95,625 units last year, while new supply increased by 2% to 4,19,170 units. This discrepancy between supply and demand has led to a surplus of unsold homes in several key markets.
Among the cities analyzed, the unsold housing stock fell in the Mumbai Metropolitan Region (MMR) and Hyderabad, but increased in Delhi-NCR, Pune, Chennai, Bengaluru, and Kolkata. Specifically, the unsold housing stock in Delhi-NCR rose by 5% to 90,455 units at the end of 2025, up from 85,901 units in 2024.
In the Mumbai Metropolitan Region (MMR), there was a marginal decline of 1% in unsold homes, with the inventory decreasing to 1,79,228 units from 1,80,964 units. Bengaluru, on the other hand, saw a significant increase of 23% in unsold housing stock, rising to 64,863 units from 52,807 units.
Pune also experienced an increase in unsold homes, with the inventory going up by 3% to 83,491 units from 80,672 units. In Hyderabad, the unsold homes dipped slightly by 2% to 96,140 units from 97,765 units.
Chennai saw a notable 18% increase in unsold housing stock, rising to 33,434 units from 28,423 units. Similarly, in Kolkata, the number of unsold homes increased by 9% to 29,007 units at the end of last year, up from 26,542 units at the end of 2024.
Looking ahead, Anarock believes that demand for housing could improve if interest rates on home loans remain low and housing prices are kept under control. This could help to balance the current surplus of unsold homes and potentially stabilize the market in the coming years.
