The combination of GST exemption, reduced stamp duty and the lowest home loan interest rates in almost two decades are a strong argument now favouring ready-to-move-in homes.
Tag: Ready-To-Move Homes
ANAROCK data reveals that the price gap between ready-to-move-in (RTM) and under-construction (UC) homes in the top 7 cities reduced to a mere 3-7% in 2019.
In an important trend in Indian real estate over the last 3 to 4 years, ready-to-move-in homes are in and under-construction homes are ... well, not so in.
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 |
| Bangalore | 73,340 | 12,000 | 16% |
| Chennai | 30,840 | 8,800 | 29% |
| Pune | 87,440 | 8,600 | 10% |
| Kolkata | 49,470 | 5,400 | 11% |
| NCR | 1,86,710 | 23,500 | 13% |
| MMR | 2,19,490 | 22,300 | 10% |
| Hyderabad | 25,960 | 4,400 | 17% |
| PAN India | 6,73,210 | 85,000 | 13% |
Source: ANAROCK Research (RTM= Ready-to-move-in)
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