Why do Our Dreams to Own a Home Lie Broken?
People in India are no longer buying homes.
People in India are no longer buying homes. Lakhs of constructed apartments are lying vacant. There are two reasons for this – one, fearing a recession, people do not want any more EMIs on their heads, and two, NBFCs are no longer giving home loans. But a slump in the realty sector is not limited to buying or selling homes. It also means a rapid decline in job opportunities as well as a fall in wages.
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