50% drop in housing launches in NCR this Diwali: Report

  • | Thursday | 5th October, 2017

While there are not many fresh launches, even buyers are not keen on buying or investing in fresh launches anymore as they have lost all confidence," Abhishek Kumar, president, Nefowa, said. The confederation of Real Estate Developers Association (Credai) claimed that launches have been at least 50% down by liberal estimates. The overall dip in the national economy is also affecting how people are investing in real estate. Fresh launches are getting slower as the builders are busy with compliance issues," Mudassir Zaidi, executive director (north), Knight Frank India, said. Commercial real estate does not reflect this trend," Surabhi Arora, senior associate director, Colliers International (India), told TOI.

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