NEW DELHI : Around 78,000 ready-to-move-in housing units, valued at ₹65,950 crore, remain unsold in the country, according to a report by Anarock Property Consultants.
It accounts for nearly 12 per cent of the 6.44 lakh unsold units in cities. The report suggests that homebuyers seeking de-risked ready-to-move-in properties can leverage the COVID-19 period to their advantage.
The report said that although construction activity is completely halted across India, first-time homebuyers are at an unprecedented advantage to negotiate good deals on ready-to-move-in options and simultaneously benefit from all-time low interest rates of 7.15-7.8 per cent.