As on September 30 this year, over 58,535 flats are brought into the property market for sale. Yes! You heard it true. This is according to Anarock Property Consultants. As on June 30 this year, the flats that were put for sale in the market were 50,580. But during July and September, an additional 8000 flats added to the list. Anarock Property Consultants latest reports indicate that only 6,735 flats could be sold in three months. One should understand the time that is going to take to sell over 50,000 flats. Let us assume that it will take at least two years to dispose of the existing flats. But, what about the increasing stock of flats every month. Definitely, it will need more time to sell. That is why more and more flats are being brought into the property market. As if it is not enough, several builders have been selling the flats through pre-launch of their projects and UDS scheme. It needs at least five or six years to dispose of the existing flats.
