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Realty Bites! 75 Percent Real Estate Projects Remained Non-Starters In FY15

By       -   January 4th, 2016

While over 2,300 projects in the realty sector remained non-starter, over 1,000 on-going projects have registered significant delay in completion,”

highlighted the study titled ‘Real estate investment: State-level analysis,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

 

More than 75 percent of the total 3,540 live projects with total outstanding investments worth over Rs 14 lakh crore attracted by the real estate sector across India remained non-starter as of financial year 2014-15, noted a just-concluded study by apex industry body ASSOCHAM.

 

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