Ready-to-move-in properties in demand
The share of ready-to-move-in (RTMI) homes ...
The share of ready-to-move-in (RTMI) homes in the total housing sales in the primary market, rose to 21 per cent in the pandemic-hit 2020, from 18 per cent in the previous year, as more and more home buyers preferred completed apartments to avoid the risks attached with under-construction properties, showed a report by PropTiger.com.
In its latest ‘Real Insight Residential-Annual round-up-2020’, PropTiger said that a total of 1,82,640 units were sold in the 2020 calendar year, of which 21 per cent were in the ready-to-move-in category and 79 per cent were under construction. In 2019, a total of 3,47,590 units were sold of which 18 per cent were completed properties. PropTiger research found that the share of ready-to-move-in properties in the total sales has been on the rise since 2016.