However, Pankaj Kapoor, founder and CEO, Liases Foras, a Mumbai-based real estate research firm, feels the trend is not sustainable in the long run. "Most of the new projects have been launched in areas that are largely unapproachable, especially in Mumbai," says Kapoor.

He further says that 90 per cent of the buyers of these projects are investors.

The fate of new buyers

Though some buyers saw an opportunity in cheaper prices, will the deal be really feasible for them? Considering the liquidity crunch that developers faced last year, it's difficult to say whether they would get over the problem this year.

So have these buyers moved into the market a bit too early? Do they run the risk of getting stuck with delayed projects?

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