Nationwide, the inventory of unsold homes was 3.33 million at the end of October 2011, an eight-month supply at the current sales rate.

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Inventory numbers rose 3.5% at the end of the month to 3.49 million exiting homes for sale an estimated 8.6 month supply at the current sales pace.

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The inventory of previously owned homes listed for sale, meanwhile, increased to 2.43 million, equal to a 6.4-month supply at the current sales pace and just above a healthy level of about six months.

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At the current sales pace it represents a 4.7 month supply.

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Car sales in India have remained weak in the current fiscal year ending this month due to higher ownership costs and an economic slowdown.

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