Housing sales appear to be subdued on account of fewer new launches but consumer demand remains intact: Credai
Hindustan TimesHousing sales may appear to be subdued because new launches have been few and far between. New project launches are all ‘sold out’ and there is no inventory, real estate developers said at the CREDAI NATCON event being held in Sydney on September 23. Demand for housing ‘evergreen’, new projects get ‘sold out’ as soon as they are launched and there is no unsold inventory, said real estate developers at the Credai-Natcon event in Sydney CREDAI’s flagship conference 'CREDAI NATCON' is being held in Sydney this week. When asked about estimated reduction in sales during the current quarter, CREDAI National Chairman Manoj Gaur said the new launches have been few and far between in the September quarter. These topics are not confined by borders—they are universal challenges that require innovative solutions and cooperative efforts,” he said, adding Indian cities have a lot to learn from Sydney which is a ‘20-minute city.” Irani said that Indian cities can draw several lessons from Sydney in terms of infrastructure development, luxury housing developments in and around the harbour area and rental housing.
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