In Mumbai, there are total 4.80 lakh flats which are empty but still people are struggling really hard int he city to get a roof on their head. The flat owners awaits hike in prices so that they can get better returns by selling these flats.
Talking about the entire Maharashtra, then there are 37 lakh empty flats in the state. In Pune there are 5.78 lakh, in Thane there are 5.42 lakh, Mumbai has a total of 4.80 lakh, in Nasik there are 2 lakh flats and in Nagpur there are 1.20 lakh flats.
So many flats yet people cannot afford to buy them as builders are waiting for price hikes in housing.