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.
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
Stay updated with all the Noida Latest News headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.