Developers across Maharashtra have decided to not launch any major residential project until the Lok Sabha polls come to an end. In 2004, the government got a major boost from the Southern states and they hope to repeat the same in the ongoing Lok Sabha polls. As part of their strategy, Congress president Rahul Gandhi is contesting from the Wayanad Lok Sabha seat in Kerala," a developer said on the condition of anonymity. He said that there is no satisfactory sale of properties, therefore, there is no point launching mega residential projects during this volatile period. Sunil Mantri, ex-president of the Maharashtra Chamber of Housing Industry (MCHI) confirmed that developers are not taking the risk of launching big projects for now.

Source: dna April 21, 2019 00:45 UTC