Real Estate Is Recovering in Bangalore 2021 Report after COVID-19
Although the Indian real estate sector has had reason to cheer in the last six months as pent-up demand has boosted sales, even if developers are able to liquidate unsold inventory — as they have been doing in the past few months — a recovery in prices could still take two years, according to brokerage UBS. “If all the stars align — ie, inventory depletion continues the same way as it has in the past — we believe we are at least two years away from a recovery in property cycle (in terms of prices), although recovery in Hyderabad and Pune may come sooner. If depletion does not continue as we assume it will, we could be in for a longer stay at the bottom of the cycle,” the brokerage said in a report. UBS said a revival in struggling projects increases customer choice, which would keep prices in check and impact the property cycle recovery. “Stamp duty cuts, builders’ deals/ discounts and old sales registrations have resulted in a significant increase in property registrations across Maha...