Bangalore Unsold Housing Inventory Overhang Lowest at 15 Months, NCR Highest at 44 Months

New Delhi, Nov. 21 -- * Top 7 cities' inventory overhang reduced from 37 months in Q3 2018 to 30 months as on Q3 2019

* Bangalore has the lowest inventory overhang among top 7 cities at 15 months; NCR has the highest at 44 months

* Unsold inventory overhang in MMR & Pune at 34 months and 27 months respectively

* Chennai & Hyderabad saw their inventory overhang reduce to 31 months & 16 months respectively in a year

* Kolkata has the second-highest inventory overhang at 38 months; it was 42 months a year ago

* Cumulative unsold stock across top 7 cities sees 5% yearly decline; is 6.56 lakh units as on Q3 2019 end

Beating the slowdown blues, unsold residential inventory overhang in top 7 cities has reduced to 30 months as on Q3 2019, aga...