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Housing bubble set to pop? Developers' unsold inventory at a 10-year high

About 1.2 billion sq ft worth Rs 6 lakh crore remains unsold in June 2016

Housing bubble set to pop? Developers' unsold inventory at a 10-year high

Realestatedeveloperscontinuetopileupinventoryatarapidpace.Fortheentireindustry,unsoldstockstoodat1.2billionsqftattheendofApril-June2016quarter,accordingtoasurveybyrealestateconsultancyLiasesForas.  IntheJunequarter,unsoldinventoryincreasedbytwopercentonasequentialbasisand17percentonayear-on-year(y-o-y)basis. ThevalueoftheinventoryworksouttoRs6lakhcrore,assuminganaveragesellingpriceofRs5,000persqft.“Assalesgrowthcontinuestolagbehindnewlaunches,unsoldinventorycontinues ...