Real estate inventory piles up across 6 cities2 min read 28 Jan 2015, 07:13 PM IST
NCR and Mumbai will take 14 and 12 quarters, respectively, to sell existing units
A severe fall in sales has resulted in a huge inventory pile up with real estate developers. According to a report released on 28 January by property consultant, Knight Frank India, the National Capital Region (NCR) has 192,568 unsold residential units which will take approximately 14 quarters to sell (QTS); it means that if no further units are added, the current inventory will take 14 quarters to get sold.
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