Ghost flats explained: Why some fully built homes remain empty despite India’s housing shortage

In numerous Indian cities, a staggering number of finished apartments sit empty, transforming neighborhoods into ghost towns. Poor infrastructure and speculative investments keep these units unoccupied, frustrating the millions in search of affordable housing. This dilemma extends beyond India’s borders, as countries worldwide grapple with similar housing market issues. Devoted constructors and investors often neglect the need for actual living spaces in their focus on profit and development.