Listed realty developers saddled with unsold properties worth Rs 1 trillion

Real estate developers have continued to add inventory despite a slowdown in the offtake of new properties. At the end of the September 2018 quarter, India’s top 27 listed realty companies had unsold inventory worth Rs 1.13 trillion, up 21 per cent from Rs 93,358 crore at the end of the March quarter. 

The inventory was equivalent to 32 months of the industry’s annualised net sales in the first half of 2018-19 or FY19, up from 25.2 months worth of inventory at the end of March 2018 and 22.7 months at the end of March 2016, according to the balance