[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI: Unsold inventory across nine property markets touched its lowest level in 13 quarters owing to lower number of launches and better sales. Inventory levels were down 11% from a year ago and 5% sequentially, showed a PropTiger report.
All nine cities except Kolkata witnessed a decline in unsold inventory from a year ago levels. Noida reported the highest on-year decline of 20% in unsold inventory whereas unsold inventory in Kolkata witnessed no change.
The study includes property markets of Mumbai, Gurgaon, Noida, Kolkata, Pune, Hyderabad, Bengaluru, Chennai and Ahmedabad.
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Have a nice day.