Over 70% realty projects in Gujarat face delay : ASSOCHAM – Tv9 Gujarati

The slowdown in realty market and almost stagnant sales saw 74 per cent of real estate projects in Gujarat remaining stuck in the financial year 2014-15, stated a recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The trend mirrored the national trend where over 75 per cent of the total […]

TV9 GUJARATI

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Nov 28, 2015 | 2:15 PM

The slowdown in realty market and almost stagnant sales saw 74 per cent of real estate projects in Gujarat remaining stuck in the financial year 2014-15, stated a recent study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). The trend mirrored the national trend where over 75 per cent of the total real estate projects in India remained non-starters as of fiscal 2014-15.According to the ASSOCHAM study, which was titled ‘Real estate investment: State-level analysis’, real estate projects stuck in Gujarat are facing maximum delay of about 38 months.

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