Property Market - Big worry: Rs 4.51 lakh crore housing units in limbo
Delayed projects are resulting in cost overruns and this has been further compounding the funding crunch for several real estate builders in top cities, according to property consultant Anarock. "If buyers stop purchasing under construction properties, builders would have far more challenging time to get funds from external sources for project construction", says Anuj Puri, Anarock, Founder and Chairman.
Delivery
5.6 lakh housing units are running behind delivery timelines. Image source: IANS
Stuck Units
72% total stuck housing units in NCR and MMR. Image source: Pixabay
Running Late
2.10 lakh housing units running behind schedule in NCR. Image source: Reuters
Delayed
1.92 lakh apartments delayed in MMR. Image source: Reuters
Money Woes
Rs 41,770 crore worth of housing units stuck in Bengaluru, Chennai and Hyderabad. Image source: Reuters