Homes are selling well nationwide. The decrease in home inventory over the past five years is indicative of this trend.
In Delhi, as well as Gurugram, Noida, and Faridabad, there has been a 57% decline. Kolkata has seen a 41% decrease. Hyderabad, Bengaluru, and Chennai have registered an 11% decline. Mumbai and Pune have reported an 8% drop, as per the report by property consultant Anarock. Cementing the confidence of buyers, stable economic conditions, and increased interest in personal investment post-pandemic have contributed to the surge in demand for homes. Despite recent launches being successful, the steady economic system and confidence among homebuyers are driving the strong momentum in the real estate market.
In Delhi, from Q1 2018 to Q1 2024, the number of homes has decreased from 2,00,476 to 86,420 units, marking a 57% decline. In southern cities like Bengaluru, Hyderabad, and Chennai, the number of homes has decreased from 1,96,406 in 2018 to 1,75,520 units in 2024. In Mumbai and Pune, it has dropped from 3,13,405 to 2,89,677 units. Kolkata has seen a decrease from 49,560 to 29,278 homes.
