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Two-third of the unsold housing inventory in Mumbai is priced above Rs 1 crore
Q: It indicates that the buying properties in Mumbai is beyond the reach of most of the city's prospective home buyers.

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Latest Answer: It is true. And if we marked against pan-India figures, the numbers are highly slopped towards the higher ticket sizes in Mumbai. Very few units in the affordable range were available from all these launches and mostly were in the suburban locations. Even if one looks at the overall inventory, there is very little stock Rs 65 lakh in the affordable range of and below in Mumbai's municipal limits.
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Right time to buy property
Q: I will say yes, with builders sitting on huge inventories, buyers can bargain hard for discounts.

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Latest Answer: The biggest issue faced by buyers is the disability of builders to deliver on time. This problem is specially critical in Delhi-NCR and MMR. In NCR, only 20% projects are running on time. The figure for MMR is 15%. People who invested with an aim of exiting with good gains in three four years are stuck. People have realised that in a bad situation getting out of real estate can be very difficult.
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Mumbai has 2nd highest unsold housing inventory of 46 months
Q: Why the number of unsold flats is on the rise, in spite of banks reducing home loan rates, though slightly?

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Latest Answer: We need to have price correction, which nobody is taking into account. New launches are still happening, but sales are declining, this is why, the inventories are rising year over year.
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