5 positives for the realty market today
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5 positives for the realty market today

Property sales in Mumbai and housing projects launched by state governments are likely to have positive outcomes

real estate Updated: Dec 14, 2015 14:36 IST
Real estate,Market,Mumbai
Mumbai’s realty activity is likely to bring some cheer to the Delhi market (ISTOCK)

Chain reaction: The recent flurry of real estate activity in Mumbai could bring some cheer to the Delhi-NCR market but much of the supply is likely to be in the affordable housing segment

UP gets ready for affordable: The state government has launched the Samajwadi Awas Yojna scheme under which it hopes to develop about three lakh units. On offer are development and land use conversion charge waivers for the developer and no stamp duty for the buyer

Haryana takes the lead: Haryana’s affordable housing policy seeks to provide 1.25 lakh units. Builders taking up state housing projects are to be exempted from licence fees and infrastructure development charges

Current unsold inventory: The unsold inventory (in various of stages of construction) for the NCR and MMR at the end of September 2015 is 1,98,000 and 1,85,000 respectively, according to estimates by Knight Frank

Will new launches lead to oversupply? Launch of premium and affordable units in Mumbai and Delhi-NCR may lead to oversupply but that could turn out to be healthy for the market because only developers delivering quality products on time would be able to survive

First Published: Dec 14, 2015 14:36 IST