Unsold inventories of real estate
Authored by ManjuYagnik, Vice Chairperson, Nahar Group & Vice President, NAREDCO (Maharashtra)
“Indian homebuyers are returning to the residential market across the metros which means the troublesome movement of rising inventory since 2014 onwards is detaining. The unsold inventories which rose in the year 2017 because of policies against the real estate market was only temporary till the sector restored trust. After the stable government coming into power, and the cut on GST and as well as lowered tax reforms, it is likely that buyer can now eligibly apply for loan and conclude a buying decision. To further facilitate sales, it would be for the government to look at reduction in the interest rate of home loans and uncap the exemption limit of the income tax paid on income.”
Housing sales recorded in Q1 2017 were merely 46,000 units across the top 7 cities. Sales rose by a whopping 71% in two years to reach nearly 78,520 units in Q1 2019
Tags : EXPERT ZONE