12.76 lakh unsold houses in top 30 cities of india

[Telugodura456]

https://www.businesstoday.in/amp/industry/infra/story/unsold-houses-at-all-time-high-of-1276-lakhs-in-india-top-30-cities-206722-2019-06-12

Over 12.76 lakh houses are lying unsold in India's top 30 cities, compounding the problems of the real estate sector already grappling with a severe liquidity crunch as non-banking finance companies (NBFCs) have curtailed lending to developers following the collapse of IL&FS last year.

The inventory overhang is as high as 80 months in Kochi, 59 months in Jaipur, 55 months in Lucknow and 72 months in Chennai, implying it will take between five and seven years for developers in these cities to get rid of the present housing stock.

The total unsold inventory in 30 cities has increased 8 per cent over FY18 when the number was 11.90 lakh, according to data from real estate consultancy Liases Foras.

This does not augur well for the sector, whose primary source of funds have been NBFCs and customer advances. With tepid sales, which grew only 5 per cent last fiscal, builders are unable to get funds for completing under-construction projects, adding to the unsold stock. And NBFCs have almost stopped lending to developers as the liquidity has dried up in the system.

[perugu_vada]

yet housing prices are touching sky high 

[bluebadger]

1 minute ago, perugu_vada said:

yet housing prices are touching sky high 

lol greedy folks ankuntam but if we are on the selling side perceptions might be different 

[Ryzen_renoir]

 indian real estate sector has been in a slump for several years except a few pockets.

Economy isn't growing and IT sector can only absorb a limited workforce . 

The main problem with nda  is they can only concentrate on few locations/companies and ignore the rest . Doesn't really augur well for the economy as a whole

[Galactus]

6 minutes ago, Ryzen_renoir said:

 indian real estate sector has been in a slump for several years except a few pockets.

Economy isn't growing and IT sector can only absorb a limited workforce . 

The main problem with nda  is they can only concentrate on few locations/companies and ignore the rest . Doesn't really augur well for the economy as a whole

How ba , Kokapet, Narsingi etc are growing 2x every 2-3 years , sft 6500-10k untunnayi city outskirts lo how can you say slump then?

I do not believe this article at all , reality is different , affordability increased a lot in cities like hyderabad , 1cr apt ante picha lite lekka undi..

[DummyVariable]

54 minutes ago, Galactus said:

How ba , Kokapet, Narsingi etc are growing 2x every 2-3 years , sft 6500-10k untunnayi city outskirts lo how can you say slump then?

I do not believe this article at all , reality is different , affordability increased a lot in cities like hyderabad , 1cr apt ante picha lite lekka undi..

Narsinghi lo 2Cr anna just apartments. 10k/sqft you have to hit ORR - not narsinghi side though.

[Telugodura456]

if WFH is made permanent hopefully hyd realestate prices come down.

[Galactus]

2 minutes ago, DummyVariable said:

Narsinghi lo 2Cr anna just apartments. 10k/sqft you have to hit ORR not narsinghi side though.

yes ba , My home , Aparna , Rajapushpa ivi anni too much unnayi prices

oka project edo choosa , 11 towers 40 floors anta , naa royya , super crowded avutundi emo aa area in future..

[Telugodura456]

5 minutes ago, DummyVariable said:

Narsinghi lo 2Cr anna just apartments. 10k/sqft you have to hit ORR not- narsinghi side though.

Indian society only permits ultra rich and ultra poor. It doesnt like propserous middle class in large numbers.

[sri_india]

adi 2 years back news  

[Telugodura456]

1 minute ago, sri_india said:

adi 2 years back news  

good point. Ippudu inka increased anipisthindhi

https://www.statista.com/statistics/1033148/india-unsold-residential-property-change-rate-by-city/

[Ryzen_renoir]

20 minutes ago, Galactus said:

How ba , Kokapet, Narsingi etc are growing 2x every 2-3 years , sft 6500-10k untunnayi city outskirts lo how can you say slump then?

I do not believe this article at all , reality is different , affordability increased a lot in cities like hyderabad , 1cr apt ante picha lite lekka undi..

Hyderabad was a different case because there was a lot of repressed demand because of the 4 years lost period between 2010-2014 due to agitations and instability.

2014-2020 is a dream run for Hyderabad because of stable government and a state government with lot of revenue to spare due to division .  Don't expect that to continue

If we are talking about india as a whole Hyderabad is insignificant

Also you live in bubble where 1 crore apartment is nothing , but the reality is majority of people in Hyderabad (or any other city in india) live in unauthorised colonies . An average person living in Hyderabad can never afford a legal house in his lifetime 

[Ryzen_renoir]

6 minutes ago, sri_india said:

adi 2 years back news  

https://www.financialexpress.com/industry/mumbai-delhi-ncr-have-highest-inventory-overhang-among-top-eight-cities-proptiger/2285870/

Still there, but there a signs of recovery due to record low interest rates and diversification of stock market funds for safety 

[Galactus]

8 minutes ago, Ryzen_renoir said:

Hyderabad was a different case because there was a lot of repressed demand because of the 4 years lost period between 2010-2014 due to agitations and instability.

2014-2020 is a dream run for Hyderabad because of stable government and a state government with lot of revenue to spare due to division .  Don't expect that to continue

If we are talking about india as a whole Hyderabad is insignificant

Also you live in bubble where 1 crore apartment is nothing , but the reality is majority of people in Hyderabad (or any other city in india) live in unauthorised colonies . An average person living in Hyderabad can never afford a legal house in his lifetime 

naku 1cr apt lite analedu vayya , telling people there are not caring ani

hmm , may be , but hundreds of new apt project are coming in those areas , wonder how they will fare in long run..

[Ryzen_renoir]

Just now, Galactus said:

naku 1cr apt lite analedu vayya , telling people there are not caring ani

hmm , may be , but hundreds of new apt project are coming in those areas , wonder how they will fare in long run..

It is a symptom of black money flowing into the richer areas.  it is not progress that only a few pockets have such prices . 

Have you seen the prices of NCR region ? They get only 1-1.5% of property value as rent for the year . 

Hyderabad should be no better at 2% 

I don't think apartments appreciate much in value over time, people are too gullible to buy these