If you've been saving up to buy a home, here's something worth knowing: builders are sitting on more unsold homes than before. Over 5.25 lakh homes are unsold across India — up 4% from last year. The interesting part? The pile-up is mostly in premium and luxury flats, while homes under ₹60–70 lakh are still selling steadily.
What this means for you
- If your budget is under ₹60–70 lakh, you're in the segment that's still moving — less room to negotiate, but also less risk of buying into a stagnant market.
- If you're eyeing a flat above ₹1 crore, builders are under real pressure to close deals. Ask directly for a price cut, free parking, or waived maintenance charges — this is the moment to push.
- With 5.25 lakh homes sitting unsold, prices aren't going to shoot up quickly. You have time to make a careful decision.
What you can do
- If you're close to ready, shortlist 2–3 projects and negotiate hard — builders are more flexible than they've been in a while.
- If you're still saving, keep your SIP running and don't stretch your budget chasing a premium property in a softening market.
You're not in a rush — and the numbers say the market knows it too. 🌱