Delhi-NCR s unsold housing stock has fallen 23% from 2022-end levels, driven by high sales velocity and restricted new supply of residential properties, according to real estate consultant Anarock. The number of unsold units in Delhi-NCR fell to 94,803 units in 2023, a decadal low.
Realty firm Supertech Ltd, which incurred a loss of about Rs 500 crore from the demolition of its twin towers, wants to develop a new housing project at the same place.
Realty firm Supertech Ltd, which incurred a loss of about Rs 500 crore from the demolition of its twin towers, wants to develop a new housing project at the same place and it will seek refund of land cost and other expenses if authorities do not approve the plan, its Chairman RK Arora said.