NRIs: Oversupply of houses, high prices and less buyers [in India]
Unsold homes pile up
Rajat Guha, Vishakha Talreja
Posted: Friday, Oct 08, 2010 at 0038 hrs IST
With the prices of residential units exorbitantly high especially in Delhi and Mumbai and a deluge of residential project launches quarter after quarter, it’s a clear demand-supply mismatch.
The top seven markets include Delhi NCR, Mumbai, Chennai, Bangalore, Hyderabad, Pune and Kolkata. The oversupply is mainly in Delhi and Mumbai where prices have gone up 40-50% as compared to last year, making many projects unaffordable for average buyers.
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