Residential realty continues to struggle
Sales in the residential housing segment has been gradually coming down since 2013-14, and the sector is struggling even after almost five years of sluggishness. As a result, inventory level continues to remain high in the segment, despite fewer project launches. However, commercial real estate, especially the office segment, is in a healthy state if we consider demand and leasing.
averaging around ₹6,100 per sq.ft (₹6,000 per sq.ft in 1QFY19). On monthly basis, prices remained largely flat in NCR in July 2018 at ₹4,521 per sq.ft (up only 1.4% year-on-year),” stated the Kotak report.