NEW DELHI: Total 11 listed developers are planning to launch 253.16 million sq ft of new supply across cities over the next few years, according to an analysis of Anarock.
Of this total planned supply, just 23% (approx. 57.15 million sq ft) were launched in H1 FY 2025.
Prashant Thakur, regional director & head – research, Anarock Group said, “Amid high demand for their branded offerings, they have been aggressively tapping the capital markets via qualified institutional placements (QIPs) for their expansion. Several of these players raised as much as Rs 12,801 crore via QIPs in 9M 2024. Much of these funds are earmarked for land acquisition and to launch residential projects. These players are more than adequately funded.”
The inventory overhang across the top seven cities was at its lowest best – 14 months as of 9M 2024. This alone will prompt developers to meet the robust demand for their offerings with more supply across cities.
City-wise, Hyderabad has the highest inventory overhang of 19 months among the top 7 cities, while Bengaluru has the lowest at just 8 months.
In the last two years, Bengaluru saw its unsold stock drop by six months while Hyderabad saw a dip of just two months. Hyderabad also saw considerable new supply infusions in the last two years.
