Ready-To-Move Homes Popular in Covid
The global outbreak of coronavirus during the January-March quarter saw housing sales fall by 11 per cent across nine major cities of the country, but the demand for ready-to-move-in residential units rose while that of under-construction flats dipped. 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 year. With under-construction projects likely to be delayed because of the nationwide lockdown, customers’ preference towards completed units will further strengthen according to industry experts. 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.
Tags : News/Views properties residential real estate COVID Ready-To-Move Homes under-construction flats dipped