NEW DELHI, Oct. 22 (Xinhua) -- India's real estate and automobile sales sectors witnessed decline while unemployment rate is on the rise in recent months, according to data from various surveys.

According to a report by Anarock Property Consultants, there were over 81,300 unsold apartments and flats lying in the country's top cities, including Mumbai, Delhi and Pune. The country's financial capital Mumbai had the highest unsold inventory of over 21,000 units.

It was followed by Delhi-NCR (national capital region) which had a total unsold inventory of 16,500 units, including 6,200 in Greater Noida, 4,400 in Gurugram, 2,440 in Ghaziabad, 2,000 in Noida, 800 in Bhiwadi and 670 in Faridabad towns and cities.

The report revealed that out of the total unsold inventory, 35 percent were in the "affordable" segment, 13 percent or around 10,000 units were in the premium segment priced more than 15 million Indian Rupees (210,000 U.S. dollars).

Automobiles sales have also been on the decline for almost a year, and the unemployment rate has touched a new high.

Automobile sales during September remained negative as segment leaders like Maruti Suzuki, Tata Motors and Hero MotoCorp reported a de-growth of 24.8 percent, 45.39 percent and 20.2 percent, respectively.

Recent data released by think-tank Centre for Monitoring Indian Economy (CMIE), India's unemployment rate hit a three-year-high of 8.4 percent in August. The weekly unemployment rate in the country stood between 8 percent and 9 percent during August, as compared to 7-8 percent range observed in July.

The CMIE also noted that the unemployment rate in India hit the highest level since September 2016.

International financial organizations such as the World Bank and the International Monetary Fund (IMF) recently cut India's projected growth rate to around 6 percent for year 2019-20. 

(Photo: VCG)