₹2 crore. The offer will be applicable till 30 June, 2021. This move will benefit both the homebuyers and real estate builders.According to Real Insight Q3, PropTiger.com, the number of unsold inventory stood at 7,23,060 units in the top eight residential markets, as on 30September, 2020.
This relief will help the real estate sector to clear the inventory amid a pandemic, believe experts."Realtors have been talking about the importance of strengthening real estate and allied sector; the Government is moving in the right direction with the latest announcement," said Mani Rangarajan, Group COO, Housing.com, Makaan.com & PropTiger.com. "This measure will help developers to liquidate, vacant stock, even at discounts.