UN­SOLD IN­VEN­TORY

HT Estates - - HTESTATES -

The un­abated de­mand-sup­ply gap in the MMR res­i­den­tial mar­ket has cre­ated a pile-up of un­sold in­ven­tory, which now stands at 2,13,742 dwelling units. The quar­ters-to-sell (QTS) ra­tio for the MMR has more than dou­bled in the last ten quar­ters, from be­ing 5 in De­cem­ber 2011 to 12 in June 2014, im­ply­ing that the un­sold in­ven­tory will take al­most three years to sell at the av­er­age ab­sorp­tion rate of the pre­ced­ing eight quar­ters. A sharper de­cline in de­mand as com­pared to sup­ply has re­sulted in such a pre­car­i­ous in­ven­tory pile-up

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