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Demand for ready-to-move-in properties continues to grow: Report
TIWN
Demand for ready-to-move-in properties continues to grow: Report
PHOTO : TIWN

New Delhi, Feb 15 (TIWN) The share of ready-to-move-in (RTMI) homes in the total housing sales in the primary market, rose to 21 per cent in the pandemic-hit 2020, from 18 per cent in the previous year, as more and more home buyers preferred completed apartments to avoid the risks attached with under-construction properties, showed a report by PropTiger.com.

The National Capital Region (NCR) was the only region where the sales decreased by 32 percent while other cities including Bengaluru, Chennai, Hyderabad, Kolkata, MMR and Pune saw sales going up by 46 percent, 52 percent, 74 percent, 41 percent, 130 percent and 120 percent, respectively on Q-o-Q comparison, the report said.  New launches witnessed a decline of 28 percent to 4,553 units from 6,297 units and the absorption decreased by 32 percent to 7,211 units from 11,840 units in Delhi-NCR, the report said.

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