India's undelivered home crisis: Can government step in to save homebuyers? Experts Discuss
- 5 years ago
The mess in India's housing sector only seems to be getting deeper. Reliable sources from both industry bodies NAREDCO and CREDAI have confirmed to CNBC-TV18 that number of builders arrested, in jail, and out on bail has crossed 150 across India. There are 2.71 lakh home buyers who have no sight of when their homes will be delivered. Instead of the number coming down, with the real estate regulator in place, this number has gone up.