+917292009966 +917292006699 Whatsapp
Tasha Realty
 
 

News: Delhi-NCR has maximum stuck housing units at 1.9 lakh worth nearly Rs 1.2 lakh cr: Report-26-01-2021

https://economictimes.indiatimes.com/wealth/real-estate/delhi-ncr-has-maximum-stuck-housing-units-at-1-9-lakh-worth-nearly-rs-1-2-lakh-cr-report/articleshow/80476251.cms

Synopsis

Across seven major cities, as many as 5,02,340 housing units, worth Rs 4,07,005 crore, were stuck at the end of last year. As on 2019-end, 1,322 projects comprising 5.76 lakh units were stuck in various stages.

New Delhi: Delhi-NCR property market has maximum stuck housing units at 1.9 lakh, worth nearly Rs 1.2 lakh crore, that were delayed by at least seven years, according to property consultant Anarock. A total of 1,90,120 housing units, worth Rs 1,19,291 crore, were stuck in the Delhi-NCR as of 2020-end. These ats were launched in 2013 and before. The property market of Mumbai Metropolitan Region (MMR) has the second highest number of stuck housing units at 1,80,250, worth Rs 2,02,145 crore. Across seven major cities, as many as 5,02,340 housing units, worth Rs 4,07,005 crore, were stuck at the end of last year. As on 2019-end, 1,322 projects comprising 5.76 lakh units were stuck in various

Commenting on the report, Anarock Chairman Anuj Puri said: "Project delays have been the bane of the Indian real estate sector over the last decade. Even the implementation of RERA had only a little impact on this". Among other factors, the liquidity crunch threw up roadblocks for developers, which is why the government intervened with the creation of the Alternate Investment Fund (AIF) in late 2019 with a corpus of Rs 25,000 crore, he said. "This last-mile capitalization mechanism couched in the Special Window for Aordable & Mid-Income Housing (SWAMIH) fund has proved to be eective in getting stuck projects going again," Puri said. As many as 190 stuck/delayed housing projects accounting for over 73,560 units were completed in 2020, Anarock said. As per the data, 29,850 housing units worth Rs 22,276 crore were stuck in Bengaluru. Pune has 80,480 units worth Rs 49,667 crore that were delayed as of 2020-end. As many as 9,180 housing units worth Rs 5,436 crore were delayed in Kolkata. Hyderabad has 6,520 stuck housing units worth Rs 4,305 crore, while Chennai has 5,940 units worth Rs 3,886 crore.

Back

Tasha Realty Solutions

Properties and Plots

Projects and Floors

Connect With us

 

DISCLAIMER: This website and the Information contained is in the process of being updated and the contents are under review/revision in terms of the Real Estate Regulation Act, 2016 and Rules there under (RERA), and will be reviewed from time to time. Till the time that the contents are fully updated, the same shall neither be construed to be any kind of advertisement, solicitation, marketing, Booking, offer for sale, invitation to offer within the purview of RERA and shall have no binding effect on the Company and nor constitute any offer and/or acceptance and/or contract and/or agreement and/or transaction and/or any intention thereof and/or a disclosure under any statute of any nature whatsoever. Please call to check the updated pricing, status etc. The photographs contained herein may be actual/stock/standard photography or rendered images used for the purpose and have been taken at a location other than the project site and are used to indicate a conceptual lifestyle. Actual product may vary/differ from what is indicated herein. The location info shown are indicative and selective representation of certain elements present/that may be present in and around the city/project site. No representations are made regarding existence/continuity of existence of any landmarks/locations shown. The landmarks/locations may be subject to change from time to time and such changes are completely outside our control. No representation or warranty is made or intended as to the accuracy or completeness of information under this website or as to its suitability or adequacy for any purpose. Before making a decision to purchase, you are requested to independently, either directly or through your legal/financial consultants, thoroughly verify all details/documents pertaining to the respective project as available on the respective RERA sites.The Company is not liable for any consequence of any action taken by the viewer relying only on such material/ information that is presently displayed on this website.