The share of ready-to-move-in inventory as a percentage of total sales rose to 20 per cent during the 2019-20 financial year as against 15 per cent in the previous fiscal.
Demand for ready-to-move-in housing units is rising as project delays by multiple builders have shaken the buyers’ confidence in the property market.
the demand for ready-to-move-in residential properties is growing as customers have become risk-averse because of uncertainties involved in the completion of under-construction flats. The share of ready-to-move-in residential properties in the overall housing sales is expected to increase and may reach 30 per cent during this fiscal.
With under-construction projects likely to be delayed because of the nationwide lockdown, we strongly believe that customers’ preference towards completed units will further strengthen,