A ‘healthy’ turn­around

HT Estates - - FRONT PAGE -

Chain re­ac­tion: The re­cent flurry of real es­tate ac­tiv­ity in Mum­bai could bring some cheer to the Delhi-NCR mar­ket but much of the sup­ply is likely to be in the af­ford­able hous­ing seg­ment UP gets ready for af­ford­able: The state gov­ern­ment has launched the Sa­ma­jwadi Awas Yojna scheme un­der which it hopes to de­velop about three lakh units. On of­fer are de­vel­op­ment and land use con­ver­sion charge waivers for the de­vel­oper and no stamp duty for the buyer Haryana takes the lead: Haryana’s af­ford­able hous­ing pol­icy seeks to pro­vide 1.25 lakh units. Builders tak­ing up state hous­ing projects are to be ex­empted from li­cence fees and in­fra­struc­ture de­vel­op­ment charges Cur­rent un­sold in­ven­tory: The un­sold in­ven­tory (in var­i­ous of stages of con­struc­tion) for the NCR and MMR at the end of Septem­ber 2015 is 1,98,000 and 1,85,000 re­spec­tively, ac­cord­ing to es­ti­mates by Knight Frank Will new launches lead to over­sup­ply? Launch of pre­mium and af­ford­able units in Mum­bai and Delhi-NCR may lead to over­sup­ply but that could turn out to be healthy for the mar­ket be­cause only de­vel­op­ers de­liv­er­ing qual­ity prod­ucts on time would be able to sur­vive

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