Top property body head flags over 1 crore vacant flats in India despite housing shortage
According to the National President of the National Real Estate Development Council of India (NAREDCO), G Hari Babu, there are currently over 1 crore or 10 million vacant flats across the country even as demand for housing remains high. Speaking in an interview, Babu highlighted the growing trend of wealthy individuals and investors purchasing properties only as investments and leaving them unused.
