Sudden project approvals fright builders of supply clog!
Comments Off Sub Category:Uncategorized Posted On: Dec 27, 2011
Initially there was delay in project approvals by the concerned authorities but now there has been a sudden rise in the same!
The long delayed projects are now getting approved by the Government which in turn are frightening Mumbai builders of excessive supply and price depreciation.
According to sources, the approvals will gain pace after the set of new development control rules. However, this would happen after first week of January.
Due to drop in sales, a 40 month old supply has suffered.
Source: The Economic Times
Tags:
Builders, Development Control Rules, Excessive supply, Government, Mumbai, Mumbai Builders, Project approvals, Supply, Supply clog
