Says Agarwaal: "The economy is showing initial signs of recovery. If it sustains, there won't be much of a problem completing the projects on time. But, if that does not happen, then homebuyers could well be in for a rough time."

Aditya Verma, vice-president and business head, Makaan.com, a realty portal, is more direct. "This [getting into these projects] could be a real danger," he says.

For Vakil, delays are common to all developers -- whether it's a leading one or a newcomer.

"Projects are getting delayed across the country, regardless of the developer. It's almost like delays have been taken for granted. In fact, people are surprised if a project gets completed on time."

What about earlier projects?

While new launches are finding takers, even if they are few in number, what is happening to projects launched earlier?

Some developers have started reworking the unit size and some others are offering discounts. "Developers have not cut prices drastically for old projects that are still under construction," says Agarwaal.

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