Affordable housing stock shrinks, premium home inventory jumps 43%: Report

Unsold housing inventory in India rose four percent, with higher-priced homes seeing significant accumulation. Lower-priced properties below one crore rupees are selling faster, showing inventory declines. The overall time to sell existing stock increased to six quarters. Premium housing segments experienced both rising inventory and increased sales activity. Older housing stock is being absorbed, indicating buyer preference for near-completion properties.