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Real Estate Observes 50% Sales Growth but Liquidity Still a Problem
December 27, 2018
As demand for affordable flats continues to increase while the rates stabilize, housing sales grew 50% in 2018 in the top cities. However, end-year liquidity problems have put a damper on the real estate sector.
Real estate developers and consultants expect a tepid 2019 first half because of upcoming general elections and liquidity crises faced by the NBFCs. However, the second half of the year could observe a surge in activities as the government has proposed to slash the GST rate of under-construction houses from the current 12% to 5%.
Photo credit: ccPixs.com on VisualHunt / CC BY
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