Mumbai accounts for 20% of India's stalled realty projects: CREDAI-MCHI

The Mumbai Metropolitan Region accounts for over 20% of stalled realty projects in India, said CREDAI-Maharashtra Chamber of Housing Industry (MCHI) President Boman Irani. As of June 1, out of 35,488 projects in India, 9,304 were completed and over 26,000 remained pending, including regular and stalled projects. "It's important to complete [projects] to maintain a steady cash inflow," Irani said.