26.06.2012 - India: Unsold housing may trigger price cuts
If the sales pitch for real estate has suddenly gone up, as have the discounts, donít think it is the generosity of the builders driving this largesse. Poor sales in newly developing areas and a dip in demand from homebuyers is leading to an inventory pile up. This in addition to regular launches of projects in the past six months has added to the inventory of unsold flats across key regions such as Delhi-National Capital Region (NCR) and Mumbai Metropolitan Region (MMR)..............................................Full Article: Source
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