With 340,000 unsold units in Mumbai, developers are under pressure

The unsold housing stock in the Mumbai Metropolitan Area (MMR) reached a new high as sales outpaced sales in India's most expensive housing market. The number of new units available for sale reached nearly 340,000 units as of September 30, according to data calculated by real estate intelligence platform Liases Foras. This number is almost 5x the annual revenue of developers in the region.

More than a third of this unsold stock is in the city of Mumbai, the rest in locations such as Thane, Panvel, Navi Mumbai and other sprawling suburbs. Spurred on by an FSI discount offered by the municipal company, developers in Mumbai went to extreme lengths when signing new projects. Approvals for new projects increased 5x last year compared to a normal year. Those approvals are now seeing conversion on the ground as builders launched a flurry of projects over the holiday season.

In Mumbai, 30 percent of the stock is below Rs 10 million while 70 percent is less than Rs 20 million. Contrary to the view of many commentators that larger homes have been all the rage since COVID-19, 75 percent of inventory is made up of 2BHK units and smaller configurations.

Real Estate - Related Products

All Categories Alexa Skills Amazon Devices Amazon Fashion Amazon Fresh Appliances Apps & Games Baby Beauty Books Car & Motorbike Clothing & Accessories Collectibles Computers & Accessories Deals Electronics Furniture Garden & Outdoors Gift Cards Grocery & Gourmet Foods Health & Personal Care Home & Kitchen Industrial & Scientific Jewellery Kindle Store Luggage & Bags Luxury Beauty Movies & TV Shows Music Musical Instruments Office Products Pet Supplies Prime Video Shoes & Handbags Software Sports, Fitness & Outdoors Subscribe & Save Tools & Home Improvement Toys & Games Under 500 Video Games Watches

Search

Amazon Brands

Bestsellers

Real Estate Office Decoration Item

Real Estate Office Accessories

Real Estate Office Wall Decor

Real Estate Office Decor

Real Estate Office Wall Stickers

by Chalk My Theme

Chalk My Theme I CAN I WILL Motivational Quote 3D Wooden Art Decorative Items For Boys Room, Home, Living Room, and Bedroom 9 Inch Black

Price: 1709 2999

You Save: -43%

by NoWorries

NoWorries Office decoration ideas - Travel wall framed paintings for home & office decor/Wall painting for living room (Theme-Quotes) (10x10 inch & 10x13 inch Multicolor) Set of 8

Price: 1600 3999

You Save: -60%

by 300Sparkles

300Sparkles Wooden Showpiece Motivational Quotes for Study Table | Kids Room | Office Desk | Home Decoration | Living Room | Modern Gifting Showpiece Item WS-50

Price: 200 399

You Save: -50%

by 300Sparkles

300Sparkles Wooden Showpiece Motivational Quotes for Study Table | Kids Room | Office Desk | Home Decoration | Living Room | Modern Gifting Showpiece Item WS-54

Price: 200 399

You Save: -50%

by 5 Ace

5 Ace coffe is always a good Paper Motivational,inspiring,quote Poster for Bed Room, Living Room,Office of 300 GSM Thick Paper 12x18 Inch Without Frame

Price: 220 999

You Save: -78%

by 300Sparkles

300Sparkles Social Media Symbol Sign Kids Room Wall Decoration 9 Pcs. Set Sticker Wall Decoration Home Office Cafe Gaming Room Black

Price: 200 999

You Save: -80%

by StickMe

StickMe 'Office - Learning - Inspirational - Motivational - Quotes - Baby - Kids - Education Nursery Pre School Kinder Garden - Wall Sticker ' -SM824 (Multi Colour, Vinyl - 70cm X 70 cm)

Price: 297 899

You Save: -67%

by Goofy Shop

Goofy Shop Motivational Quote - The Best view Comes After The Hardest Climb Wooden wall Decor Printed and Lamination Home Decorative Item for Home and Office Decor 18Inch(45CM)

Price: 1391 1599

You Save: -13%

by JAAMSO ROYALS

JAAMSO ROYALS Multi 3D Magnet Butterfly Stickers for Wall, Butterfly Decoration Items, Butterfly Stickers, Butterfly Wall Decor, Butterflies, Butterflies for Wall Decoration (Set of 12)

Price: 269 499

You Save: -46%

by Device of MM

Device of MM 4 Elements Water, Earth, Fire, Air Wall Art Hanging Black Designed Wood Decor Sculptures Black Wall Art Decoration Contemporary Home, Above Bed Decor, Home, Bedroom, Living Room, Office, 8 Inch

Price: 220 999

You Save: -78%

by kot art

Kotart - Bill Gates Poster for Room - Motivational Quotes Wall Poster for Bedroom Home and Office Wall Decor - Framed Posters (11x14 inch, Framed) (Bill Gates01)

Price: 296 799

You Save: -63%

by Triohomes retail

RELANTA? Wall decor Painting |wall Framed paintings - painting for living room,bedroom, office, dining hall Wall Decor - Wall Poster (11 inch x 14 inch, Framed) set of 4

Price: 899 1499

You Save: -40%

by Laxmita perfection

Laxmita perfection"Premium Wooden Idols and Figurine Motivational Quotes Table Decoration for Office Desk | Home Decor Item | Living Room | Modern Art Wood Showpiece Gift Items(Show-Table-368)

Price: 200 499

You Save: -60%

by DecorTwist

DecorTwist Newton's Balancing Man Stress Relief Toy 4.5Inch Perpetual Motion Metal Pole Balancing Man Instrument in Gold Home Office Toys Desktop Art for Table Desk Decor Gifts Pack of 1 (Golden)

Price: 480 1999

You Save: -76%

by Interio Crafts

Interio Crafts The Best is Yet to Come Motivational Quote Wall Framed Poster, Inspirational Poster for Home and Office Decor, Synthetic Wood, Black Frame, 13 X 10 Inches.

Price: 370 999

You Save: -63%

by Chalk My Theme

Chalk My Theme Waterfall With Nature Landscape Wood Print Wall Art Home Decor, Living Room, Bedroom, Cafe, Room Painting For Wall Decoration -15 x 20 Inches | 6mm Thick Birchwood

Price: 2207 3199

You Save: -31%

by GADGETS WRAP

GADGETS WRAP Vinyl Real Estate Agency Word Agent Realtor Office Quote Lettering Wall Decal Decor Sticker, AG20-DRP-3114, Multicolour

Price: 601 1001

You Save: -40%

by Hijie

a Real Estate Agent's Prayer Quote Poster Canvas Wall Art for Office Home Decor - Real Estate Agents Canvas Print Wall Art Painting Ready to Hang Gifts - Easel & Hanging Hook 12x15 Inch

Price: 770 2199

You Save: -65%

view more..