Residential Real Estate Sales In India Is Expected To Decline 20-25% Report
Residential real estate sales across India are expected to decline 20-25% in the current year as prospective homebuyers are likely to defer their purchases owing to the Covid19 led economic sentiments and job security concerns.
The resultant pressure on developers to sell may trigger a 5-10% price reduction across segments, said property consultant Cushman & Wakefield. These discounts could be in the form of minimal booking amount that is fully refundable with no cancellation or various subventions, financial and price protection offers.
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