Muted demand puts Rs 4.51 lakh cr housing units in limbo

Delayed project is resulting in cost overruns, which has been further compounding the funding crunch for several real estate builders in top cities, according to property consultant Anarock

5.6 lakh housing units – Running behind delivery timelines

72% – Total stuck housing units in NCR and MMR

2.10 lakh – Housing units running behind schedule in NCR

1.92 lakh – Apartments are delayed in MMR

Rs 41,770 cr – Worth of housing units stuck in Bengaluru, Chennai and Hyderabad

If buyers stop purchasing under-construction properties, builders would have a far more challenging time to get funds from external sources for project construction,"
— Anuj Puri, Anarock founder and chairman