+
Housing construction worth over Rs 5 lakh cr delayed: Anarock
Real Estate

Housing construction worth over Rs 5 lakh cr delayed: Anarock

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

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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?