This largely because these are high rising apartments on the outskirts of cities, purchased with an intent of renting them out for side income. The net result i

This largely because these are high rising apartments on the outskirts of cities, purchased with an intent of renting them out for side income. The net result is there are too many of them. And since they are far away from schools/hospitals/markets and other amenities, nobody really opts for rent in these places. Eventually as the cities grow this may change, but note as time goes your apartment ages too(and so does its value). There is a huge debate whether as to buying an apartment is a better idea or a buying a plot given these circumstances. Every one wants a rent income, very few want the struggle of buying the land, protecting it from encroachers and build it later[which is an circus in itself], most want a ready made flat. Both have their own advantages and disadvantages. Like in all cases good investments are a lot of hardwork and stressful. Inside the cities houses are always in epic demand. The situation there is totally different.