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Realty bites: No takers for homes this Gudi Padwa

With builders refusing to lower prices despite slack sales, very few people are willing to buy an apartment this Gudi Padwa, usually one of the most auspicious days to buy a home in Mumbai

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There will be no dearth of puran poli and shrikhand offerings being lapped up across homes this Gudi Padwa, but it may still leave a bitter taste in the mouth for the city’s realtors. A stagnant economy, less buying power for the masses combined with real estate prices that refuse to come down, has meant that very few people are in the market this year to buy a new home on this festive day, considered by many as one of the most auspicious days of the year to buy a home or move into a new apartment.

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