IMS [Inventory in months of sales] for Bengaluru rising gradually on the back of lower absorption; a few weak months in terms of SUMMARY absorption can make pricing scenario weak. Cooling off witnessed in Bengaluru; launched 2.8msf compared to more than 7msf (an average of past 12 months).
IMS at 25 rising sharply for Mumbai due to the low level of absorption, reaching closer to the peak of 27 months attained in January 2009. Mumbai has seen 14% decline in inventory since March 2011
IMS for NCR increased considerably from 15 in the previous month to 18 due to - sudden spike in new launches; launched 11.4msf during the month compared to the past three month average of 7msf and considerably drop in absorption; 5.9msf compared to 8.1msf in the previous month.
Pune showing improvement in absorption and gradual decline in Inventory and 5msf launched in Pune; highest since March 2011.
