Frustrating for the real estate developers who launched new projects in Navi Mumbai
Haste is waste! Though not complete waste, it definitely is frustrating for the real estate developers who launched new projects in Navi Mumbai with gusto.
To cash on the perceived real estate boom that would have accompanied the airport, developers had launched various projects in Navi Mumbai. However, the uncertainty now has unnerved the developers now with plummeting and rising inventory.
A report by the Economic times says that there are around 150 newly built
frustrating for the real estate developers who launched new projects in Navi Mumbai with gusto.
housing complexes in Navi Mumbai with nearly 30% ready to move in apartments, but there are hardly any buyers. The main reason for this is the under developed infrastructure of the town, which has come to a standstill due to the uncertainty of the proposed airport. Continue to read more at http://bit.ly/19cBTTD
Its really frustrating , i did buy a house in the same area and there are no returns since last 2 years.
I would say, buyers please have mercy on developers.
Currently,rate of Property in Navi Mumbai is rising due to upcoming International Airport, thus currently it is the best place to invest in property,it has grown rapidly over the years, now next few years, like Navi Mumbai we will be having New Thane