52% of registered flats remain unsold in MMR: Report

Of the total 670,000 under-construction flats registered with Maharashtra Real Estate Regulatory Authority till August, more than 350,000 remained unsold in the Mumbai Metropolitan Region (MMR), according to a report by Cushman & Wakefield and Propstack. 

According to the report, 52 per cent of the under-construction flats registered with the Maharashtra Real Estate Regulatory Authority remained unsold and 48 per cent sold. One- and two-bedroom flats sold the most, accounting for over 85 per cent of total sales.