Residential real estate demand may rise ?
Residential real estate demand may rise in medium-term MUMBAI: Residential real estate demand may pick up in the medium-term following improvement in end-user participation on rising affordability, increasing launch of units with mid-income ticket sizes and implementation of RERA, according to a report. Resolution of the recent liquidity issues in non-bank finance companies (NBFC), however, would be key, CrisilNSE 0.09 % Ratings said in a report. In the short term, demand is likely to remain muted and prices will remain under pressure on account of slowdown in volumes due to on-going liquidity concerns. As of FY19, affordability in most cities is estimated to be in the range of 6-8 times compared with 11-13 times five years back, it said. Ticket sizes, it said, have been coming down as developers launch units with reduced average area per house, led by both market needs and the impetus to affordable housing, it said. ...
