Homebuyers beware: Incomplete projects still getting delayed4 min read . Updated: 13 Aug 2018, 09:26 AM IST
The total value of projects facing construction delays is 3.3 trillion or above $47 billion, according a report. While investors should stay away, end-users should do their due diligence and look for deals
One of the main reasons why there is a lull in the real estate industry is delayed projects—the experience of several homebuyers in terms of long delays and bad quality of construction discouraged buyers, old and new, from investing in this sector. However, developers do not seem to have realised the damage delayed projects can do to their businesses, and are still not sticking to their construction deadlines.
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