Construction work of 4.8 lakh homes gets delayed across 7 cities

14 Jun 2022 CW Team

Construction work of about 4.8 lakh homes worth Rs 4.48 lakh crore is currently stuck or delayed across seven major cities, although builders have finished 37,000 such units so far this year.

Anarock has taken those housing projects that were launched in 2014 or before across Delhi-NCR, Mumbai Metropolitan Region ( MMR), Kolkata, Chennai, Bengaluru, Hyderabad, and Pune for its research.

About 36,830 languishing homes were finished in these cities between January 2022 and May 2022, as per the data.

Anarock said that 4,79,940 units at Rs 4,48,129 crore were stuck in different construction stages across these seven cities at the end of May 2022.

The property markets of these seven cities were burdened with about 5.17 lakh units worth Rs 4.84 lakh crore at the end of 2021.

Anarock, Senior Director & Head - Research, Prashant Thakur, said developers remain determined to finish their projects and are capitalising on the continued demand for ready-to-move homes.

Several large developers as well as the Special Window for Completion of Affordable and Mid-Income Housing (SWAMIH) fund and state-owned National Buildings Construction Corporation (NBCC) have taken over stuck and delayed inventories and are finishing pending construction works.

Anarock said that the Delhi-NCR and MMR together account for 77% of the total stuck or delayed housing units, while the southern metros Chennai, Bengaluru, and Hyderabad have merely 9%.

Pune has approximately 9%, while Kolkata accounts for a 5% share.

Among cities, Delhi-NCR saw the maximum fulfillment of 16,750 units from January-May, 2022. Now, the NCR area has 2,40,610 stuck or delayed units worth Rs 1,81,410 crore.

NCR had 2,57,360 stuck or delayed units worth Rs 1,94,034 crore at the end of December 2021.

About 1,28,870 units are stuck or delayed worth Rs 1,84,226 crore in MMR. The area had 1,34,170 languishing homes worth Rs 1,91,807 crore at the end of the last year.v Around 5,300 units were finished in MMR during January-May this year.v Bengaluru witnessed the completion of 3,960 units from January-May 2022. Bengaluru city has 26,030 stuck or delayed units worth Rs 28,072 crore currently.

The IT city had 29,990 stuck or delayed units worth Rs 32,345 crore at the end of the last year.

Image Source

Also read: Maha govt approves amnesty scheme for stuck projects

Construction work of about 4.8 lakh homes worth Rs 4.48 lakh crore is currently stuck or delayed across seven major cities, although builders have finished 37,000 such units so far this year. Anarock has taken those housing projects that were launched in 2014 or before across Delhi-NCR, Mumbai Metropolitan Region ( MMR), Kolkata, Chennai, Bengaluru, Hyderabad, and Pune for its research. About 36,830 languishing homes were finished in these cities between January 2022 and May 2022, as per the data. Anarock said that 4,79,940 units at Rs 4,48,129 crore were stuck in different construction stages across these seven cities at the end of May 2022. The property markets of these seven cities were burdened with about 5.17 lakh units worth Rs 4.84 lakh crore at the end of 2021. Anarock, Senior Director & Head - Research, Prashant Thakur, said developers remain determined to finish their projects and are capitalising on the continued demand for ready-to-move homes. Several large developers as well as the Special Window for Completion of Affordable and Mid-Income Housing (SWAMIH) fund and state-owned National Buildings Construction Corporation (NBCC) have taken over stuck and delayed inventories and are finishing pending construction works. Anarock said that the Delhi-NCR and MMR together account for 77% of the total stuck or delayed housing units, while the southern metros Chennai, Bengaluru, and Hyderabad have merely 9%. Pune has approximately 9%, while Kolkata accounts for a 5% share. Among cities, Delhi-NCR saw the maximum fulfillment of 16,750 units from January-May, 2022. Now, the NCR area has 2,40,610 stuck or delayed units worth Rs 1,81,410 crore. NCR had 2,57,360 stuck or delayed units worth Rs 1,94,034 crore at the end of December 2021. About 1,28,870 units are stuck or delayed worth Rs 1,84,226 crore in MMR. The area had 1,34,170 languishing homes worth Rs 1,91,807 crore at the end of the last year.v Around 5,300 units were finished in MMR during January-May this year.v Bengaluru witnessed the completion of 3,960 units from January-May 2022. Bengaluru city has 26,030 stuck or delayed units worth Rs 28,072 crore currently. The IT city had 29,990 stuck or delayed units worth Rs 32,345 crore at the end of the last year. Image Source Also read: Maha govt approves amnesty scheme for stuck projects

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..