Unsold housing units
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »
In Bangalore, the residential property market has dropped down drastically in concern with the hike in property prices and rising interest rates. Even with the end of year 2011, Bangalore city has around 31,208 units and Bellary has 19 percent of unsold housing units as per the Jones Lang LaSalle’s real estate intelligence service report. [...] Continue Reading »
