Unsold Residential Units Soar in India's Tier-1 Cities amidst Surplus Housing Supply: Report
Tier-1 cities across India have seen surplus growth in housing supply in FY22-23 due to a plethora of new launches by property developers. While sales have also seen growth during this period, there is still a sharp increase in unsold residential units as well. Liases Foras, a non-broking real estate data analytics and research firm, has analysed and published a report covering India’s residential real estate market in FY22-23.