36,830 stuck or delayed homes completed in the last 5 months: ANAROCK data
- Jun 13, 2022, 01.30 PM
- DealMoney News Service
The top 7 cities have further reduced their burden of stuck/delayed homes, despite the rough pandemic ride and construction costs further inflated by the Russia-Ukraine war, the top 7 cities have further reduced their burden of stuck/delayed homes.
As per the latest ANAROCK data, as many as 36,830 languishing homes were completed in these cities between January 2022 and May 2022.
By May 2022-end, approximately. 4.80 lakh units (launched in 2014 or before) - worth over Rs. 4.48 lakh crore - remain stuck in various construction stages across these cities. By 31st December 2021, the market was saddled with approx. 5.17 lakh languishing homes worth approx. Rs. 4.84 lakh crore.
With approximately. 16,750 units, NCR saw the highest number of stuck units completed – from 2,57,360 in December 2021 to 2,40,610 by May 2022-end.
Currently, NCR's cumulative burden of stuck units exceeds 1.81 lakh crore.
“Developers remain committed to completing their projects and are capitalizing on the ongoing demand for ready-to-move homes," says Prashant Thakur, Sr. Director & Head - Research, ANAROCK Group.
