Higher sales and declining launches help cut inventory in the realty sector
NEW DELHI, March 16 -- Real estate sales maintained their growth momentum for the second consecutive month in December 2018, analysts at Kotak Institutional Equities said in a note to clients. This was accompanied by a decline in new project launches. The combination has led to a drop in inventory. However, despite the correction, the unsold inventory amounts to about three years' sales, point out Kotak's analysts....
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