India's inventory of unsold luxury homes falls 12% to 43,000 units in Q1

Among the top cities, Bengaluru led from the front, recording a significant 49 per cent reduction in unsold luxury stock within a year - from 6,370 units in Q1 2018 to 3,260 units in Q1 2019

Unsold inventory of luxury homes in some of the top cities in India has seen a distinct fall in first quarter of calendar year 2019 buoyed by the rising demand from non-resident Indians (NRIs), high networth individuals (HNIs) and ultra-high networth individuals (UHNIs).

According to a recent research by ANAROCK Property Consultants, the overall unsold inventory of luxury homes, priced Rs 1.5-2.5 crore, declined by 12 per cent to 42,650 units in Q1 2019 from 48,300 units in Q1 2018. 

Among the top cities, Bengaluru led from the front, recording a significant 49 per cent reduction in unsold luxury stock within a