Have April-June quarter results borne hopes to realtors?
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory.
According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery in the sales quantity with a rise in launches, though at a moderate pace, although property prices continue to ride high.
While developers are again announcing a line of ruthless projects, the implementation of those plans may bring cheer to the sector, which is still winding under weak cash flows and slow offering.
Of all the challenges faced by the sector, the biggest is to launch the right product with right pricing so that it can bring buyers despite stiff competition in the market, which already has an existing inventory of unsold units, said an analyst.
With developers already facing poor sales and continuing liquidity stress, profit and revenue will remain sequentially unchanged or may have dropped in April-June, although south India-based developers are expected to do better with sales.
To read more real estate news:
Bangalore developers, Cash flow, higher input costs, Market analysts, Mumbai developers, Profit, project inventory, Project launches, Property Prices, Realtors, Realty News, Revenue, Sales, sales quantity, south India-based developers
