Only 11% of residential inventories complete in top 3 cities: Report

The top three cities are Mumbai Metropolitan Region (MMR), National Capital Region and Bengaluru

Only 11 per cent of the residential property inventories in the top three cities are complete and the rest are in various stages of construction, said a report by Kotak Securities. So, a low portion of the completed inventory may curtail the collateral damage of the credit crunch on selling price, the report said.
 
“We note that a price-led asset-monetisation strategy by stressed developers would be more effective only in the case of completed inventory. Accordingly, the low proportion of completed inventory may curtail the collateral damage of the credit crunch on selling price for credible real estate developers,”