Realty check: Home sales to stay quiet this Diwali

By one estimate, the unsold inventory across India is still upwards of 10 lakh units valued at a staggering Rs 6 lakh crore. Most developers are financially strapped and, therefore, struggling to either complete projects or clear inventories. Even those that are better off --- less than 5% of the universe — aren’t too optimistic about selling much. So, the launches will be limited.

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