Only 1.1% of unsold housing units in Mumbai ready for possession

Report by JLL, CREDAI puts inventory overhang at over 30 months

Only 1.10% of the total unsold units in Mumbai are ready for possession, according to a new study.

In Thane, 1.33% of the total unsold units are ready for possession and in Navi Mumbai, this proportion is higher at 8.13%, said a report by JLL and CREDAI.

Only 2,600 (or 3.35%) of the total unsold inventory of 77,460 residential units have been completed in Mumbai as well as Thane and Navi Mumbai, according to latest figures.

The inventory overhang in Mumbai (including Thane and Navi Mumbai) is more than 30 months, according to latest figure.