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4.4 Lakh New Homes Sold in 7 Big Cities by Jan 2018

There is some mixed news coming up in the property market as of now. With the recent recession in the last year and unrealistically high prices set by the property brokers, as much as for as 4.4 lakh homes went unsold in almost seven metropolitan cities around the end of 2017. The property consultant JLL did a study across all major cities and they found quite a medley of facts that the upcoming buyers can utilize to their advantage: Almost all major cities like Chennai, Kolkata, Mumbai, Delhi, Pune, Bengaluru , and Hyderabad are on the list where there was a lot of unsold property still viable for the market this year. There are almost 40,000 properties available which are fully furnished and can be rented immediately within a short notice as soon as the deals are done. Thanks to GST, a lot of taxes were being adjusted due to which most buyers were cautious before making a move, however now with a lot of clarity, the prospective buyers may want to shift their gears and fin...