At long last, India’s overpriced real estate market could come back to earth with a thud. Developers trying to sell costly property cannot find buyers, who in turn find themselves squeezed out of the market by rising mortgage costs and inflated property prices. Inventory, jargon for built-up homes that haven’t been sold, is piling up. [...]

Omaxe, the New Delhi-based real estate developer, is looking to launch, sell and start construction on 9 residential projects in Noida, Faridabad and Lucknow in the current fiscal. The realtor is looking to sell Palm Greens with total sales of Rs 400 crore and NRI City project for Rs 375 crore in Greater Noida, Forest [...]