Comments
Financial constraints, execution challenge, and environmental clearance are some of the major issues due to which over 4.65 lakh units of housing projects across India are way behind their delivery deadlines, according to a report by PropEquity, an online subscription-based real estate data and analytics platform.
Maximum distress is being faced by buyers from the National Capital Region (NCR). As per the report, nearly 1.80 lakh units valued at Rs 1.22 lakh crore are facing an uncertain future in the NCR region. On the other hand, in Mumbai Metropolitan Region, 1.05 lakh units worth Rs 1.12 lakh crore are pending completion.
“Although the markets are facing significant execution delays, we do expect the reputed developers to perform well,” said Samir Jasuja, Founder and MD of PropEquity.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.