RERA, garbage crisis force home sales in Mumbai region to drop 8%
Knight Frank India, in its report said that the reason for this fall in new property launches in RERA compliance and garbage crisis in the city. The Bombay High Court has stayed permissions to new projects over saturation of dumping grounds in Mumbai. It also said, "RERA compliance also deterred builders from marketing their projects, thereby impacting residential sales."
Home sales in Mumbai region drop 8% as RERA, garbage crisis looms large. Pic: IANS