of the slew of new residential projects that have been launched in the first three months of calendar 2014.
Experts feel that the situation should improve with time. “There is no doubt that the supply is much more than the demand but the situation is not likely to aggravate further as we have bottomed out on that front,” said Zia.
So, while the real estate developers need to address the delivery aspect of the projects in order to serve their customers better, they also need to keep a close watch on the supply they add going forward. The customers, on the other hand, may expect the real estate regulatory bill to be passed soon so that they are have some protection against the bad practices, especially project delays, on the part of the developers.