Unsold Stock Of Luxury Units Goes Up By 33% In City: Study
The Hindu|February 05, 2020
Demand tilting towards affordable and mid-segment housing
Sangeetha Kandavel
Unsold Stock Of Luxury Units Goes Up By 33% In City: Study

While the city’s unsold luxury stock increased by 33% in a year, the tilt has been towards affordable and midsegment housing, according to a recent analysis done by Anarock Property Consultants.

The unsold luxury stock rose from 2,480 units in 2018 to nearly 3,300 units by 2019-end, the analysis claimed. The value of the unsold stock is pegged at ₹5,730 crores at the end of 2019. The average size of the unsold luxury unit is approximately 2,000 sq ft, while the average property price is at ₹13,000 per sq ft.

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