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This is to be anticipated, as those that listed in a panic when oil began to drop, especially December and January, had been refusing to lower their expected prices, at the same time as competitors heated up and listings skyrocketed," said Campbell. And Delhi's suburbs—Gurgaon, Noida, Ghaziabad, Better Noida and Faridabad—stay the worst for investing in new homes.
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The Dwarka Expressway, Yamuna Expressway, New Gurgaon area and Noida Extension are some areas in Delhi's suburbs which might be reeling from this real estate disaster—and in 2014, unsold stock in these elements increased by as a lot as 14%.
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