The index will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India's key residential markets
Unsold housing inventory in the eight cities was at over 7.18 lakh units as of December 31, 2020, as compared with the unsold inventory of nearly 7.92 lakh units in December 2019
The report noted that this also reflected a 12 per cent year-on-year (YoY) growth over the 48,530 new units that were launched in the December quarter in 2019.
