Second wave of Covid-19 to unlikely impact delivery of residential units

19 May 2021 CW Team

They may face a delay in the supply of construction material or labour availability is affected. Almost 72% of the entire homes delivered by the end of 2021 are already sold out, and 28% are remaining unsold.

National Capital Region (NCR) would see the highest completions with an almost 28% share, accompanied by Mumbai Metropolitan Region (MMR) with 26% and Pune with around 18%.

According to Anarock's research, the top seven cities will have around 1.18 lakh homes available for purchase by the end of this year.

Anarock Property Consultants Chairman, Anuj Puri, told the media that the tally of 4.22 lakh homes scheduled for delivery across the top seven cities by end of this year, yet, be observed in context with the second wave of Covid-19. All the top cities have been impacted, and a part of these project deliveries will probably be pushed to 2022.

Since lockdown 1.0 most of the developers experienced a steep learning curve. Since ready homes are in large demand, many developers with projects due to reach completion in 2021 will consider this as a deadline.

Over 4.22 lakh homes will be delivered by the end of this year and 40% are in the affordable segment valued at Rs 40 lakh. As much as 35% are in the mid-segment valued between Rs 40 lakh to Rs 80 lakh.

The market situations stand favourable for the home buyers and the investors in the backdrop of low interest rates, productive deals from the developers, choices of apartments, flexible payment schemes from banks and financial institutions, and attractive price points to take the correct buy.

As per Anarock, approximately 58,290 residential units were sold across the top seven cities in the country in the first quarter (Q1) 2021.

Image Source

Also read: Mumbai witnesses over 10,000 property registrations in April 2021

Also read: Affordable housing keeps real estate sector afloat: PropTiger

Amid the raging second wave of Covid-19, the delivery of residential units seems to have a minimal impact with over 4.22 lakh units scheduled to be completed by end of 2021 over the highest seven cities. They may face a delay in the supply of construction material or labour availability is affected. Almost 72% of the entire homes delivered by the end of 2021 are already sold out, and 28% are remaining unsold. National Capital Region (NCR) would see the highest completions with an almost 28% share, accompanied by Mumbai Metropolitan Region (MMR) with 26% and Pune with around 18%. According to Anarock's research, the top seven cities will have around 1.18 lakh homes available for purchase by the end of this year. Anarock Property Consultants Chairman, Anuj Puri, told the media that the tally of 4.22 lakh homes scheduled for delivery across the top seven cities by end of this year, yet, be observed in context with the second wave of Covid-19. All the top cities have been impacted, and a part of these project deliveries will probably be pushed to 2022. Since lockdown 1.0 most of the developers experienced a steep learning curve. Since ready homes are in large demand, many developers with projects due to reach completion in 2021 will consider this as a deadline. Over 4.22 lakh homes will be delivered by the end of this year and 40% are in the affordable segment valued at Rs 40 lakh. As much as 35% are in the mid-segment valued between Rs 40 lakh to Rs 80 lakh. The market situations stand favourable for the home buyers and the investors in the backdrop of low interest rates, productive deals from the developers, choices of apartments, flexible payment schemes from banks and financial institutions, and attractive price points to take the correct buy. As per Anarock, approximately 58,290 residential units were sold across the top seven cities in the country in the first quarter (Q1) 2021. Image SourceAlso read: Mumbai witnesses over 10,000 property registrations in April 2021 Also read: Affordable housing keeps real estate sector afloat: PropTiger

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..