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Mumbai: No buyers for property, flat possession to be delayed

Posted on 26 March 2012

Lack of sales in the property market is now taking a toll on delivery of residential projects. The latest data shows that buyers in almost 65% of the projects launched over the last three years will have to now deal with delayed delivery of their homes.
According to data collated by real estate research agency Liases Foras, 65 per cent of the 4,091 projects that were launched over the last three years in the Mumbai Metropolitan Region (MMR) have been deferred. The delay ranges from six months to over three years………………………………………..Full Article: Source


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