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But property analysts were less optimistic about the campaign, saying incentives like stamp waivers or small discounts could draw enough buyers to clear the staggering number of unsold units.
But going forward, if developers are left with unsold stock after three years, the VAT kicks into effect.
The department of agriculture issued a notification on December 10 instructing dzongdags (district governors) to instruct agriculture officers to register farmers willing to sell their unsold stock.
"We found that selling unsold stock in bulk to third parties is the most efficient way to clear it."
There were marginal drop of 1-2 percent in unsold stock in Mumbai Metropolitan Region (MMR) and Hyderabad, while there were increase in Chennai and Kolkata by 7 percent and 1 percent, respectively.
This anomaly could be easily corrected by excluding unsold banks from each draw.
This anomaly can be easily corrected by excluding unsold bonds from each draw.
In its annual report the British fashion firm acknowledged that it had burned unsold clothes, accessories and perfume worth [pounds sterling]28.6 million (32 million euros, $37 million).
Last year, a whistleblower from Urban Outfitters claimed he had been ordered to "pour green paint" on unsold Toms shoes, but the company declined to comment.
England's limited-overs captain Eoin Morgan suffered the fate of Test captain Joe Root after going unsold in the auction.
However, Root whose decision to sit out England's Twenty20 Tri-Series against Australia and New Zealand and enter the auction had caused some consternation was one of three big names to go unsold during the early rounds of bidding, alongside West Indies opener Chris Gayle and South Africa's Hashim Amla.
However, in the second quarter the number of unsold apartments went up by 633," say representatives of the Agency for Real Estate Cadastre.