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News: Realtors see 9-month construction delay over corona-26-03-2020

https://timesofindia.indiatimes.com/city/gurgaon/realtors-see-9-month-construction-delay-over-corona/articleshow/74819763.cms

Updated: Mar 26, 2020

GURUGRAM/NOIDA: Already delayed by years, under-construction apartments may have just taken another hit with the coronavirus pandemic. As per Credai, disruption in the supply could result in pushing back the construction cycles by at least 8-9 months. A report released by property consultant Anarock stated that NCR has together got over 4.25 lakh units in various stages of construction. All these units were launched between 2013 and 2019. The developers are already under financial burden to manage the workforce, which is dependent on them for their needs till the work restarts.

Among other NCR cities, Greater Noida has the maximum under--construction stock of nearly 1,24,900 units, Gurgaon has nearly 1,12,100 units under various stages of – which is 26% share of the total stock in the region.

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