Chennai: The share of ready-to-move-in (RTMI) homes in the total housing sales in the primary market, rose to 21 per cent in the pandemic-hit 2020, from 18 per cent in the previous year, as home buyers preferred completed apartments to avoid the risks attached with under-construction properties.
According to ‘Real Insight Residential-Annual round-up-2020’ by PropTiger, a total of 1,82,640 units were sold in the 2020 calendar year, of which 21 per cent were in the RTMI category and 79 per cent were under-construction.
In 2019, a total of 3,47,590 units were sold of which 18 per cent were RTMI. PropTiger research found that the share of RTMI in the total sales has been on the rise since 2016.
The share of RTMI in the total sales during 2015 was 7 per cent, which increased to 10 per cent in 2016, 12 per cent in 2017, 15 per cent in 2018 and 18 per cent in 2019.