Relmo retweeted
People often ask why start @relmohq with primary. This explains it well.
Payment plans with new construction, quality of delivery, and RERA guarantees mean that there is a large portion of buyers in India who only want to buy in new projects.
This overlaps pretty strongly with first-time homebuyers who face a poor experience when finding their next home. We want to make it easier for them.
Homebuilders are exposing the housing market.
They're offering mortgage rate buydowns, closing costs, and tens of thousands in incentives.
Meanwhile, resale sellers are still hoping someone pays their asking price.
Here's the problem.
Buyers don't live in the purchase price.
They live in the MONTHLY PAYMENT.
And builders have figured that out.