Similarly, the absorption rate in Bangalore has fallen from 11 per cent in the third quarter of calendar year 2011 from 13 per cent in second quarter as the infotech hub is witnessing a steady supply of residential units, the report says.
The unsold inventory in Bangalore rose from 27,000 units in the second quarter to 31,000 units in the third quarter of 2011.
The city requires eight quarters to exhaust the unsold stock, it adds.
Saying that Bangalore developers do not have pricing power, the report says the projects launched in the third quarter of 2010 have seen a price of less than 10 per cent in the last one year.
Also, the projects launched in the current year have seen no price hikes.
Image: A view of a Bangalore street with a slew of high-rise apartments.