4.5 lakh homes to be delivered by 2020: PropTiger report

Chennai: Real estate developers are expected to deliver over 4.5 lakh affordable housing units in the coming 15 months, according to a research report by PropTiger.com. It comes at a time when Centre has incentivised purchases in this category by offering higher tax benefits.

The report by PropTiger.com, which is part of Elara Technologies Pte. Ltd. that also owns Housing.com and Makaan.com, highlights how India’s real estate developers have changed their approach amid changing market dynamics, showing a greater commitment towards project delivery than on new launches. As per the report, India’s nine major property markets would see delivery of nearly 7.95 lakh housing units between October 2019 and December 2020.

NT Bureau