How many flats are unsold in India?

According to RBI data, unsold inventory levels have come down to about 7 lakh units on March 31, 2021, from about 8.5 lakh units in FY20 first quarter. “The slowdown in the housing market witnessed even before the onset of the pandemic bottomed out in the first quarter of 2020-21.

How many unsold flats are there in Mumbai?

The real estate sector continues to stagnate in Mumbai as a staggering 108,929 housing units remain unsold in the city. From January to March, 6,780 housing units were launched in Mumbai, of which 5,775 houses were sold.

How many unsold flats are there in Bangalore?

Unsold stock: City-wise break-up

How many flats are there in Mumbai?

Existing housing stock in the city consists of housing for residential or mixed use (26,56,920 units) and vacant houses (4,79,842 units). Total housing stock, therefore, amounts to 31,36,762 units. The census reports that out of 26 lakh families, 8,561 households are homeless.

How many apartments are empty in India?

India is the second largest country by population in the world, and as such, makes a compelling case for the study of vacancy in a country with high housing costs[4] The Census of India (2011) reports that 11.1 million units, approximately 12.4\% of the total urban housing stock, are vacant.

How many houses are vacant in Bangalore?

“As per our estimates, there are 2 to 3 lakh vacant houses in Bengaluru which are not being rented out due to litigation concerns by the landlords.

How many people own houses in Mumbai?

According to the 2011 census, Mumbai has 26,65,481 households (or 12.44 million persons), including homeless households. Existing housing stock in the city consists of housing for residential or mixed use (26,56,920 units) and vacant houses (4,79,842 units).