A significant number of newly constructed apartments across various Indian cities remain unoccupied, creating a phenomenon described as ghost flats. Despite a national housing shortage that affects millions of people in search of affordable residences, these finished units sit empty, effectively turning parts of some neighborhoods into ghost towns.
The persistence of these vacant properties is attributed to a combination of poor infrastructure and speculative investment practices. While the demand for housing remains high, these factors prevent the units from being utilized, highlighting a disconnect between the supply of finished developments and the needs of the population seeking affordable homes.
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