Housing construction worth over Rs 5 lakh cr delayed: Anarock

03 Aug 2021 CW Team

According to a report by Anarock Property Construction, construction of six lakh housing units priced over Rs 5 lakh crore across seven Indian cities are either stuck or delayed.

Anarock said that these construction projects were launched on or before 2014.

As per the report, 1.74 lakh houses of Rs 1.40 crore are stuck, and two-third of these units are below Rs 80 lakh.

Special Window for Affordable and Mid-Income Housing (SWAMIH) has rescued many projects but did not specify the exact help by the scheme.

National Capital Region (NCR) of Delhi records 1.13 lakh units are stalled projects worth Rs 86,463 crore, and Mumbai Metropolitan Region's (MMR) 41,730 units of Rs 42,417 crore. The total stuck projects in NCR have taken over the projects in MMR, the report said.

The NCR region consists of 52% of the total stuck projects of over 6 lakh houses, worth Rs 2.49 lakh crore, while the MMR consists of 28% of the affected stock, worth Rs 1.52 lakh crore.

Pune has 8% of the stuck, delayed projects of Rs 29,390 crore, and Kolkata with 5% stuck projects of Rs 17,960 crore.

As per the data, the housing projects in southern Indian cities are much on track. Hyderabad, Chennai, and Bengaluru consist of only 11% delayed or stuck projects collectively.

The research head, Prashant Thakur, said that the projects delayed or stuck in NCR have increased to 52% in mid-2021 from 35% in end-2019.

The delayed or stuck can be due to various reasons such as NCR litigations, Covid-19 pandemic restrictions, and funding, which led to a decrease in housing units in Pune and MMR.

Image Source

Also read: Brokerage firms in race to sell Amrapali housing units in Noida

Also read: Affordable rental housing: DDA nods scheme under Delhi master plan

Infrastructure Energy

04 Nov 2025

India to Invite Offshore Wind Tenders in Tamil Nadu, Gujarat

In a major step towards clean energy, the Union government is expected to invite tenders for setting up offshore wind energy projects of 500 megawatts (MW) each in Tamil Nadu and Gujarat by February next year, Union Minister for New and Renewable Energy Pralhad Joshi announced on Thursday. Speaking at the seventh International Trade Fair and Conference on Renewable Energy in Chennai, Joshi stated that the government aims to achieve 500 gigawatts (GW) of renewable energy capacity by 2030, with offshore wind projects contributing significantly to that target. Of this, between 100 GW and 110 GW ..

Loom Solar Plans Rs 10 Billion IPO by FY27

Loom Solar, a leading rooftop and distributed solar company, is preparing to file for an Initial Public Offering (IPO) by FY27, with an estimated issue size of around Rs 10 billion. Founded by brothers Amod and Amol Anand, the company plans to utilise the proceeds to expand its manufacturing capacity and foray into the battery energy storage segment. Speaking to BW Businessworld, Co-founder and Director Amod Anand said, “We are preparing for a larger IPO size of about Rs 10 billion and are currently targeting FY27.” Recounting the company’s modest beginnings, Anand shared that Loom Sol..

Waaree Reshapes Supply Chain to Bypass US Solar Tariffs

India’s leading solar panel manufacturer, Waaree Energies Ltd, is restructuring its global supply chain to navigate steep United States import tariffs and maintain supply to a market that contributes nearly 60 per cent of its total orders. Chief Executive Officer Amit Paithankar said the company is sourcing solar cells — which are later assembled into modules — from countries that face lower export duties to the United States. “If you configure your supply chain well, the high tariffs currently in place on Indian goods can be sidestepped. We are continuing to service our US orders,”..