Sobha Ltd. expects the situation to improve for real estate developers over the next two to three quarters as inventories decline and companies reduce the number of new launches, its Managing Director JC Sharma said.
Apartment inventories are beginning to decline after the government introduced new initiatives including the interest rate subvention scheme and the affordable housing push, Sharma told BloombergQuint in an interview. These schemes are creating a new set of buyers who are helping clear inventories, he added.
Fewer launches coupled with the decline in stocks will lead to a pick up in prices and recovery in volumes despite a demand-supply mismatch, Sharma said.
Also Read: Sobha Plans 2-4 Real Estate Project Launches Every Quarter Till March 2019
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