About 32% of the total unsold stock in Chennai’s residential real estate market is ready-to-move in apartments, a study by a property consultant has found.
As per the study by ANAROCK Property Consultants, Chennai leads in the country with regard to the number of ready-to-move-in units among the unsold inventories.
According to a press release, Iyyappanthangal, OMR and Perambur in Chennai have around 4,450 unsold ready units.
Seven cities, including Mumbai Metropolitan Region, Pune, Kolkata and Hyderabad, were taken for the study.
“On studying the overall share of the ready units out of the total unsold stock in each of seven cities, Chennai tops. Out of the total 31,380 unsold units in the city (as on September 2019), 32% is ready to move in ones (approx. 10,160 units),” the release said.
Bengaluru follows with nearly 10,640 units ready for possession out of a total 63,540 units – a 17% share, it added.