Hyderabad's Neopolis sees 40% of homes unsold despite land auctions

Forty percent of homes in Hyderabad's Neopolis real estate zone are struggling to find buyers, despite high-profile land auctions. Industry estimates indicate that out of approximately 10,000 homes launched, many units over 4,500 square feet remain unsold. Developers are resorting to significant price reductions and innovative payment plans to attract buyers. Recent land auctions are expected to add another 4,000 units to the market, potentially further slowing sales. Some developers are offering discounts of up to 50% off official rates.