India's Unsold Housing Inventory Rises
Analysis based on 7 articles · First reported Jun 25, 2026 · Last updated Jun 25, 2026
The report by Anand Rathi Wealth indicates a slowdown in India's housing market, with increased unsold inventory and moderated sales volumes. This could negatively impact real estate developers and financial institutions with exposure to the sector, while potentially creating opportunities for buyers due to affordability pressures.
A report by Anand Rathi Wealth reveals that India's unsold housing inventory increased to approximately 18 months in the first quarter of CY26, up from 14 months in CY24. This rise is attributed to residential supply outpacing demand, with housing sales moderating from 4.8 lakh units in CY23 to 4 lakh units in CY25. Despite the decline in sales volume, residential value grew from Rs 4,870 billion to Rs 6,006 billion, indicating a value-volume dichotomy. The slowdown is primarily due to a high base effect, affordability pressures, disruptions in the IT sector, and wealth erosion from stock market corrections. The affordable and lower mid-income housing segments, particularly in the India — National Capital Region (India) (NCR), India — Bengaluru, and India — Hyderabad, faced the steepest declines, while the India — Mumbai Metropolitan Region (MMR) showed some positive growth. The mid-income segment also contracted, with India — Chennai being an outlier with positive growth. Even the premium housing segment, though more resilient, saw moderated growth.
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