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• Demand for residential units in both the primary and secondary markets remained subdued in last quarter.
• Pressures of increasing unsold inventory and a liquidity crunch resulted in fewer project launches.
• Going forward end users and buyers will continue to be cautious due to the current uncertain economic and political conditions; coupled with high residential prices.
• The current oversupply in the market will get mitigated in the coming quarters, as very limited new projects are being launched.