Hyderabad: Branded residential real estate inventory overhang in Hyderabad is the highest at 19 months among the top seven cities across the country, which has an average inventory overhang of 14 months, the lowest in the last decade, according to Anarock.
While Hyderabad had the highest inventory overhang, it was followed by Chennai with 17 months and Delhi NCR and Kolkata with 16 months each. Bengaluru had the lowest overhang at eight months for the first nine months of 2024.
Anarock said new housing supply in 2024 remained relatively tepid compared to the same period of 2023, which was a peak year, due to elections-related approval delays in the first half of the year and state elections in the second half.
Anarock pointed out that the top 11 listed developers announced plans to launch around 253 million sq ft of new supply across the top cities at the beginning of FY25, of which just 23% or 57 million sq ft were launched in the first half of FY25 due to general and state elections.
This indicates a strong new supply pipeline over the coming quarters, and there is expected to be a spurt of new housing supply by listed developers in 2025, it said.
Anarock Group Regional Director & Head of Research Dr Prashant Thakur said: “In the last two years, Bengaluru saw its unsold stock drop by six months while Hyderabad saw a dip of just two months. Hyderabad also saw considerable new supply infusions in the last two years.”
“Only 23% of the overall planned supply announced early in this financial year was launched in H1 FY25, due to the general and state elections, which slowed down project approvals. With elections now over, the next few quarters will likely see multiple new launches by these developers,” Dr Prashant Thakur added.
While Hyderabad had the highest inventory overhang, it was followed by Chennai with 17 months and Delhi NCR and Kolkata with 16 months each. Bengaluru had the lowest overhang at eight months for the first nine months of 2024.
Anarock said new housing supply in 2024 remained relatively tepid compared to the same period of 2023, which was a peak year, due to elections-related approval delays in the first half of the year and state elections in the second half.
Anarock pointed out that the top 11 listed developers announced plans to launch around 253 million sq ft of new supply across the top cities at the beginning of FY25, of which just 23% or 57 million sq ft were launched in the first half of FY25 due to general and state elections.
This indicates a strong new supply pipeline over the coming quarters, and there is expected to be a spurt of new housing supply by listed developers in 2025, it said.
Anarock Group Regional Director & Head of Research Dr Prashant Thakur said: “In the last two years, Bengaluru saw its unsold stock drop by six months while Hyderabad saw a dip of just two months. Hyderabad also saw considerable new supply infusions in the last two years.”
“Only 23% of the overall planned supply announced early in this financial year was launched in H1 FY25, due to the general and state elections, which slowed down project approvals. With elections now over, the next few quarters will likely see multiple new launches by these developers,” Dr Prashant Thakur added.
