Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.
Indian developers prioritize feasibility studies and strategic alliances to avoid repeating 2009 real estate downturn. Focus on buyer-oriented projects rather than speculative ventures.
The real estate sector's slowdown leads to delayed home deliveries as funding dries up, demand falters, and costs soar. Several factors, including high-interest rates, restricted access to finance for smaller players, and rising construction costs, contribute to the delays.