07th November, New Delhi: IIFL Home Loans, a leading housing finance company in association with Liases Foras, a realty research company recently unveiled a report on “Price Dynamics and Inventory Supply” This report analyses the movement of real estate inventories and their prices over the last one year in the real estate market of Delhi. This study has been conducted to find out – is this the right time for the home buyers to invest in real estate?
Interestingly, the data gives a ray of hope in an era of despair, to many home buyers who are looking for a new home.
|Quarter||Opening (A)||New Supply (B)||Sold (C)||Closing (D)|
As evident from the above data, sales have increased highly from Quarter 1, 2015-16 to Quarter 1, 2016-17. Over the last 1 year, inventories sales have increased almost 57.5% but the pricing tells a different story altogether.
The last year has also witnessed good inventory supply. This is because many stalled projects got completed due to implementation of the Real Estate (Regulation & Development) Bill, 2016. The positive initiatives undertaken by the government such as Benami Transactions Bill, S.E.B.I’s relaxation norms for Real Estate Investment Trusts (REITS) have ushered a positive sentiment in the realty market.
About IIFL Home Loans:
India Infoline Housing Finance (IIFL Home Loans) is a housing finance company. It is a 100% subsidiary of India Infoline Finance Limited (IIFL). Engaged in the activity of mortgage financing, the company finance the housing requirements of people every nook and corner of the country. With 55+ branches across India and 2000+ pre approved pan India projects, the company validates the trust that industry has reposed in the company.