While evaluating and planning country’s future prospects it is important to measure development process as per different cities, especially the metropolitans. It is because of the fact that these cities have a lot to contribute to India’s economical structure and will continue to do so in coming years as well.
In certain cities the land prices have gone so high that any constructed property went out of the common-man’s reach.
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Once the end user in not aligned towards a product its marketing is bound to fail and that is what exactly happened with India property.
Also, in their exuberance to deliver world class facilities and features as part of real estate projects the builders went overboard with fancy add-ons, adding substantially to the already exorbitant price tags.
This over zealousness led to luxury price tags thus, reducing the buyers’ market.
With surplus inventory piled up the India reducing the buyers’ market.property market
has been struggling for the last few years to come to terms with the crashing real estate prices.
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