ft or 14 of the total space launched has been purchased adding to the total unsold inventory said pankaj kapoor founder of liases foras real estate rating researchin mumbai unsold homes are now three times the 2009 levels at 29000 units industry observers said it will take 18 quarters to sell them bangalore saw the steepest rise in availableforsale residential units to 31000 in the fourth quarter of 2011 from 18000 in the yearago periodin noida unsold residential units have risen to 75000 in the last quarter of 2011 from 68000 a year agocomparatively unsold inventory levels were flat in gurgaon at 19000 units and builders hoped to sell these units in the next three quarterssales in new launches have been good but older stock is not selling there has been a spurt in new launches in bangalore pune chennai and the ncr where presales which are at a lower value have done well said kapoorin view of the huge unsold stock in major cities equity funds and banks have called for a 1015 price cut there has been no concern on disbursement expect for mumbai where builders need to bring down prices said karnaddespite being saddled with high inventory no significant correction in prices has taken place in these markets yet in fact some pockets have witnessed rapid prices appreciation in the last nine months said rakesh khanna a deputy general manager who handles housing at state bank of india a decrease in residential real estate capital values will significantly stimulate housing demand he said