The Indian residential real estate market has achieved a significant milestone, with inventory overhang hitting an all-time low, signaling a potential recovery in the sector.
Real EstateResidential Real EstateIndian Real Estate MarketInventory OverhangProptigercomReal EstateOct 01, 2024
Inventory overhang refers to the estimated time it would take to sell the existing inventory of unsold homes in the market.
The Indian residential real estate market has been experiencing a significant slowdown in recent years, resulting in a massive inventory overhang. However, according to a recent report by Proptiger.com, the inventory overhang has hit a historic low, indicating a potential recovery in the sector.
Proptiger.com is a leading online real estate platform that provides a comprehensive platform for buyers, sellers, and renters to interact and conduct transactions.
The decrease in inventory overhang is attributed to a combination of factors, including a decrease in new launches, an increase in sales, and a correction in prices.
Yes, the decrease in inventory overhang is a positive sign, indicating a potential recovery in the sector.
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