Summary:
While there are not too many fresh launches, even buyers are not keen on buying or investing in fresh launches anymore as they have lost all confidence. Confederation of Real Estate Developers Association (Credai) claims launches may be more than 50% down overall by liberal estimates. "Real estate is presently going through a major correction. Fresh launches are getting slower as the builders are busy in compliance issues. But this is only the market sentiment when it comes to residential; commercial real estate does not reflect this trend," Surabhi Arora, Senior Associate Director, Colliers International (India) told TOI..