Around 48% of total unsold stock in the Mumbai Metropolitan Region (MMR) is affordable housing units priced below Rs 45 lakh. Realty developers in the region had an unsold stock of over 2.93 lakh units till July 2019, showed a report.
Majority of this unsold stock in the MMR is concentrated in Thane, Dombivali, Neral, Mira Road, Panvel, Virar and Chembur.
While the largest number of two-bedroom and 3-bedroom homes are available in Thane (west) (13,766 and 4,306 units, respectively), Neral has the biggest concentration of one-bedroom homes at 8,599 units.
A total of 59,042 units were delivered in the first half of 2019, the highest number of housing delivery recorded in the first half of a year since 2014, the report said. Nearly 41% of this stock or 24,188 units were priced below Rs 45 lakh.