Unsold and Overhang property. If these two are the same, then why use different terms…

Unsold property as the name says means unsold property. If it’s launched and unsold, it’s unsold property. If it’s still in construction and not yet sold, this is also unsold property. If the construction is completed and the property is still unsold, it’s also known as unsold property. However, as per National Property Information Centre (Napic), unsold property will become an OVERHANG property if the following condition is met: