“We have a lot of liquidity, but it’s trapped liquidity in the banking system," Lodha said. The company has about 40 ongoing property projects including Trump Tower in Mumbai. Definitely, there has been a meaningful correction in real terms," Lodha said. Over the last four to five years, apartment prices “have been flat in nominal terms and probably 10%-15% down in real terms." In all, about 576,000 home property projects worth some ₹4.6 trillion are running behind schedule across seven big Indian cities, Anarock data show.

Source: Mint December 31, 2019 12:22 UTC