Explained: Why unsold homes aren’t moving as fast in Hyderabad cnbctv18.com
Real estate developers in some of India’s biggest cities had a big problem in 2018: the number of new homes that remained unsold kept piling up. However, that number has come down since then. However, there's a significant disparity in the demand for such unsold homes. While developers in and around New Delhi were able to sell more than a lakh such properties in the last five years, their peers in the southern cities like Bengaluru, Chennai, and Hyderabad were hardly able to move 20,000, according to data from Anarock, a real estate consulting firm based in Gurugram
