Be it because of the high price band or because of the high mortgage rates, the fact of the matter is that the hurting demand in India's once-booming housing market has been one of the major reasons of not being able to lure investors on the realty IPOs in the country.

It is estimated that the offering valued as high as $6 billion from the Indian property companies have taken a beating at the stock markets recently.

While the Indian realtors were looking at financing land acquisitions and to get hold of the runaway land prices, but the poor investor response have taken their hoped to the floor.

Surajit Pal, sector analyst at brokerage Elara Capital said that the big developers are still waiting with their IPO plans.

Moreover, the analyst also said that they surely want to raise money but as they are already holding a lot of inventory, they are waiting for a right time.

It is believed that close to 12 real estate firms have been shying away from the market for a very long time now which includes names like Emaar MGF, Sahara Prime City et al.