The real estate sector continues to grapple with challenges and no one is certain when its fortunes will improve
Few issues are as emotive for Indian consumers as the buying of property. It can be premium property or otherwise, commercial or residential—real estate is often the subject of heated discussion, debate and controversy. The realty sector in India has been grappling with its own set of problems over the past few years, chief among them being a slump in demand, excess supply, delays in completion of projects and a view among buyers that despite the economic downturn, prices are still artificially inflated. With a new government taking charge in New Delhi last year, there were expectations that the sector would begin to look up. However, even as the biggest names in the business are busy putting up projects, there’s no real uptick in sight yet.
(This story appears in the 15 May, 2015 issue of Forbes India. To visit our Archives, click here.)