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Are ready-to-move-in properties best bet for homebuyers amidst slowdown?

On an average it took six-and-a-half years for large-sized projects of more than 500 units to be completed in the country, according to Anarock Property Consultant

Business Standard 

According to research done by Anarock Property Consultants, on an average it took six-and-a-half years for large-sized projects of more than 500 units to be completed in the country. The research was for the period between 2010 and 2019.

The Delhi-NCR region had the worst track record in this matter while the southern cities fared better. Given these findings, homebuyers will be better off buying ready-to-move-in properties. Since the real estate market is depressed, at present the premium between ready-to-move-in properties and under-construction properties is not very high.

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First Published: Wed, March 04 2020. 23:41 IST
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