Top seven cities residential real estate demand continues to languish in 1HFY20 as total sales volume declined 7% y-o-y. Only comforting factor is receding supply side pressure as new launches fell sharply by 30% y-o-y, resulting in inventory levels falling below FY14 levels.
Consolidation among developers improved as number of units launched per developer improved in 1HFY20. Further, channel checks indicates that RERA approvals for newer projects have slowed down considerably affecting even organised players having better balance sheet.
Commercial real estate continues to be resilient as supply lags demand resulting in vacancy rate falling to five years lows and rising rental yields.
Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.
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