India's affordable housing stock shrinks as premium home inventory surges 43%

Unsold housing inventory across India grew by four percent overall, with a sharp divergence between affordable and premium segments. Homes priced below one crore rupees are moving faster, resulting in a decline in their available stock. In contrast, premium housing inventory jumped 43%, even as sales activity in that segment also increased. The average time required to clear existing housing stock has risen to six quarters nationwide. Buyers appear to favor near-completion properties, as older housing stock is gradually being absorbed from the market.