MahaRERA bans sales of 644 Maharashtra residential projects due to delayed completion and delivery issues.
Pune's new residential launches decreased by 32% in H1 2016 compared to H1 2015, while unsold inventory reached a 5-year low. Office space transactions also slowed down due to lack of new supply.
A recent survey of India's top cities reveals a struggling real estate sector with substantial unsold inventory, particularly in Delhi-NCR, Mumbai and Bangalore.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Navi Mumbai emerges as top destination for commercial real estate investment, offering competitive prices and growth opportunities.