Demand for ready-to-move-in homes surges in real estate market
June 15th, 2024
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In recent years, the demand for ready-to-move-in (RTMI) homes has seen a
substantial rise, reshaping the real estate landscape across major Indian cities.
According to a report, the demand for RTMI projects has climbed from 78% in 2022 to
an impressive 85% in 2023, with Mumbai leading the trend.
This shift underscores a growing preference among homebuyers to avoid the
prolonged waiting periods often associated with new developments.
A key factor driving this trend is the robust capital appreciation of ready homes.
ANAROCK’s latest data trends reveal that ready homes in the Mumbai Metropolitan
Region have appreciated by at least 32% since the end of 2020.
Amidst this thriving market, JP Infra has delivered approximately 6,000 units. "The
company timely completed the project and is now set to deliver over 2,000 fully
completed units, two years ahead of the RERA deadline, at their projects on Mira
Road. These ready-to-move-in units cater to a diverse range of budgets, poised to
meet the increasing demand for quality housing in one of Mumbai’s most vibrant
suburbs," said Shubham Jain, managing director of JP Infra.
Jain said, "Our projects cater to the wider needs of a diverse customer base, from
single professionals to growing families, providing well-planned, ready-to-move-in
homes that promise a lifestyle of convenience and elegance."
Source: timesofindia.indiatimes.com
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