Noida, Greater Noida, Ghaziabad see maximum decline in unsold housing inventory: Report
- by Dibyaroop-bose
- Nov 05, 2019 12:51
Three cities in Uttar Pradesh, all falling within the national capital region (NCR), — Noida, Greater Noida and Ghaziabad — have seen the maximum drop in the overall unsold housing inventory in two years. The finding is part of a joint report by Anarock and Naredco, Addressing Challenges & Progressing Ahead in Real Estate, which was released at the first National RERA Conclave in Lucknow on Monday.
The report states that the collective unsold stock in these cities of UP declined by 26% — from 1,31,150 units in Q3 2017 to 97,270 units in Q3 2019. Among these three, Greater Noida saw the highest reduction of 27% in unsold inventory in two years — from 66,570 units in Q3 2017 to 48,350 units in Q3 2019, while Noida and Ghaziabad reduced their unsold stock by 24% each in the same period.
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