Real estate projects in Mumbai are on hold
No Comments Sub Category:Uncategorized Posted On: Mar 27, 2012
After the amendment made by the state government in Maharashtra, a large number of real estate projects went into hold for the time being.
As new projects are stuck in red tape, the real estate sector facing a cash crunch . As approvals for new projects are not coming up, the cash flow for the realty sector stuck.
It is also noticed that the construction of affordable housing projects has not been materialized so far.
According to a research firm, about 1600 projects in and around Mumbai are on hold situation.
Source : MidDay
Tags:
Affordable housing projects, new residential projects, Real estate in Mumbai, Real estate projects in Mumbai, Realty market in Mumbai, Residential projects in Mumbai
