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Record high real estate inventory an opportunity not a concern, as sales, demand stay robust

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Record high real estate inventory an opportunity not a concern, as sales, demand  stay robust
  1. Indian real estate sector rebounded post-pandemic, recording a six-year high in housing sales in July-September.
  2. Concerns surfaced with a surge in unsold housing inventory, exceeding Rs 1 lakh crore, signaling challenges despite recovery.
  3. Some regions witnessed a decline in unsold homes, indicating strategic sales of older inventory by developers.
  4. High inventory, while a concern in a downturn, is advantageous amidst strong sales momentum and rising consumer demand.
  5. Luxury housing sales surged, but affordability challenges impacted the affordable and mid-price segments due to increased home loan rates.

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