mumbai is real estate gradually becoming a buyers market from being a sellers marketmore than 50 of the 220 people who booked plush flats at the seawoods nri estate in nerul have stopped paying their monthly instalments and the developer of the two projects city and industrial development corporation cidco is running after them and offering them all sorts of enticements to retain them among the enticements is an offer to delay payment of the instalments by up to six months instead of three months but not too many are ready for the baitseven persons who booked flats recently withdrew their claims even the fact that by doing so they stand to lose between rs 10 lakh and rs 15 lakh has not made a difference cidco has deducted the earnest money deposit of between rs 6 lakh and rs 9 lakh on each flat and 10 of the instalments they have already paid that lossand the scenic creek area along palm beachhave not been able to convince buyers that the property is still worth rs 7500 a square footcidco marketing official r more said the development corporation had even brought down the interest on delayed instalments to 10 from the earlier 16 flat owners were also promised a 10 discount if they paid the balance immediately however nothing seems to be workingmore bad news on the development front comes from the same zone lt infrastructure has asked for permission to go slow on the ambitious rs 6000crore seawoods station development programme lt had won the bid to acquire the seawoods station and land at a record rs 1884 crorecidco it and special projects general manager d l n murthy admitted that lt had requested the government to go slow on commercial development proposed on 60 lakh square feet lt will be developing a dolphinshaped station complex parking facility for over 12000 cars terminals and office space for cidco and central railway plazas malls theatres and recreational zones the design of the station recently won an award from the developers and builders association of america