Key Figures Reflecting Indore's Real Estate Growth: Surge in Supply and Demand, Decline in Unsold Inventory
Oct 18, 2023
Indore (Madhya Pradesh) [India], October 18: The supply of apartments, row houses, and plots has notably increased, accompanied by a corresponding surge in demand. The reduction in unsold inventory and inventory overhang signifies a more balanced market. A clear indication of the favorable absorption and unsold inventory rate is the decrease in the MSF rate. Currently, the MSF is 6.25 per cent. SAA reports indicate a fall in the MSF rate of Indore real estate, the rate for Q3-2023 being around 2 per cent. Over the last decade, unsold inventory has drastically dropped by 89 per cent due to strong absorption and fewer announcements of newer projects.