Anyone want a BMW for FREE?? Yes, you heard that right. Developers are now offering beemers for free?! What next, we wonder, staring out of our modest office window, and wondering when this backlog will ever clear. Or will it? If NaMo's 100 smart cities plan is to succeed (and gosh I hope it does - I don't want to be stuck in traffic jams in over croweded cities anymore), then perhaps these homes may lie abandoned for a long long time...
According to the article below, "analysts estimate unsold inventory held by a group of leading Mumbai developers alone now stands at some 534 billion rupees ($8.5 billion) - with an additional 368 billion rupees of project launches in the pipeline. " Wow!
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India's Property Hangover