CNBCTV18.com-2024 wasn't as good as India's property sector had hoped for
At the start of the 2024-25 financial year, India's top 11 listed real estate developers announced plans for a massive 253.16 million square feet (msf) of new housing supply.
However, by the middle of the year, only 57.15 msf of this planned supply had been launched, falling short of the expected targets due to election-related delays in approvals, according to Anuj Puri, Chairman of Anarock Property Consultants.
"Demand continues to remain strong, and the developers are financially sound," Puri added in a conversation with CNBC-TV18.
