Anuj Puri, Chairman – ANAROCK Property Consultants
- Of the total current 6.73 lakh unsold units across top 7 cities, approx. 85,000 are ready-to-move-in
- NCR & MMR together account for 54% total unsold RTM homes
- Hyderabad has least unsold RTM stock priced below Rs. 80 Lakh with approx. 3,040 units
Indians looking to buy homes in 2019 have a very compelling rationale to opt for ready-to-move (RTM) homes, which – apart from being exempt of the 12% GST ambit – are available plentifully.
As per ANAROCK data, out of the total 6.73 lakh units of unsold housing inventory, nearly 85,000 units are currently ready-to-move-in across the top 7 cities. Interestingly, out of these total unsold ready-to-move options, nearly 60% of units are in the affordable and mid segments priced below Rs. 80 lakh.
RTM quotient of Unsold Stock
|Cities||Total Unsold Units Approx.||RTM Units Approx.||RTM % of Total Unsold Units|
Source: ANAROCK Research (RTM= Ready-to-move-in)