Affordable houses sale drop down!
The Indian realty, its sales and the property buyers is completely unpredictable!
This has been proved in Mumbai city, wherein the city developers are sitting behind with around 44% of unsold realty stock.
Sounds more surprising! Because, this 44 percent comes under the affordable and low cost houses and flats.
Even the flats priced below Rs 35 lakh are left half constructed and unsold since a year.
Is this the trend which India follows? Real estate experts have gone numb witnessing such a statistics in the realty industry.
This observation was revealed by Knight Frank, global real estate consultants.
Source: The Times of India
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