Mumbai had highest unsold luxury homes inventory at 23,930 units in Q1FY19

Overall unsold stock of luxury homes declines by 12% year-on-year in Q1 2019

Stagnant prices and best-buy deals have brought back some of the demand luxury homes, leading to a decline of 12 per cent year-on-year (Y-o-Y) in the segment's overall unsold stock in Q1 2019.

To put it in numbers, unsold stock of luxury homes, priced between Rs 1.5 crore and Rs 2.5 crore, fell from roughly 48,300 units as on Q1FY18 to about 42,650 units in Q1FY19.

However, despite a seven per cent fall in inventory over last year, Mumbai Metropolitan Region (MMR) still accounted for highest share of unsold luxury housing stock in the first quarter of last fiscal, at