
For one, many householders stay “locked in” at ultra-low mortgage rates, unwilling to trade for a higher price in a high-priced housing market. Consequently, demand continues to outpace housing supply—and likely will for the rest of this year. The stock overhang in India’s residential real estate market has decreased to 22 months in the June quarter, down from 34 months final 12 months. Despite a moderation in provide and absorption rates, unsold stock declined by 2% year-on-year, indicating wholesome demand dynamics throughout key markets. Meanwhile, owners who would usually sell their properties to downsize or move up have a stronger …



