Inventory levels of residential housing units hit a 6-year low

by Joseph K. Clark

The report, however, did not elaborate how much has the affordability improved in the region now. The Mumbai Metropolitan Region (MMR) has fared well in reducing the high inventory levels of its residential units over the past year, with the group now at a six-year low. At the end of June 2021, MMR’s unsold housing inventory overhang reduced to 43 months from the peak of 55 months in 2020 amid Covid-19.

residential housing

According to ANAROCK Property Consultants, this drop in the inventory overhang is the biggest among the top seven cities. Currently, MMR’s unsold inventory overhang is close to being back to the level last seen in 2015, when it was 42 months. In contrast to the other top cities, MMR saw the maximum yearly decline of 6% in its overall unsold stock – from approximately 2.10 lakh units as of June 30, 2020, to about 1.97 lakh units as of June 30, 2021. The areas considered under MMR include Mumbai, Navi Mumbai, and Thane.

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