About 21% of the delayed real estate projects in India are in Maharashtra:
|Rohit Gera, vice-president of the Confederation of Real Estate Developers Association of India (Credai) Pune Metro|
“This year, we have hardly seen any major real estate project launches on Dasara. The demand is lukewarm. Consumers are waiting for a cut in lending rates which will improve their loan eligibility and get them a better deal. Till that happens, a lot of launched projects too will suffer," Rohit Gera, vice-president of the Confederation of Real Estate Developers Association of India (Credai) Pune Metro, said.
Gera said that timely delivery of properties is affected by long-drawn approvals process.
Labour issues and cash crunch are add ons - Gera added.
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