Real estate launches to stay weak in 2016: Kotak Securities

“Sales on under-construction projects have been weak and therefore new launches are very slow”, says Samar Sarda, Senior Analyst at Kotak Securities.

New project launches in the real estate sector have slowed down due to weak sales, but top tier developers like Oberoi, Godrej and Lodha sell relatively better backed by their strong track record, says Samar Sarda, Senior Analyst, Kotak Securities.

“Sales on under-construction projects have been weak and therefore new launches are very slow”, Sarda says, adding that he does not expect any major pick-up in sales in 2016, particularly in some of the North Indian markets like Gurgaon.

However, some of the other markets like Mumbai and Pune have seen signs of improvement because there has been not much price increase for nearly 2 years.