Real estate projects in Metros are delayed
The real estate projects in Delhi, Mumbai and Bangalore are resulting in a delay progress. According to a real estate research organization this delay is due to the shortage in funding.
The downfall in global economy as well as the rise of the cost of obtaining funds results into the low demand and as a out come the execution is became slower.
The lagging in execution part is more in the capital city, followed by Bangalore and Mumbai. According to sources, developers used the idea more in acquiring land than utilizing them in the completion of running projects. That is also trending towards delay in completion of the real estate projects in India.
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Source: Hindustan Times.
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