Work on six lakh homes facing delay: Anarock
The Hindu
‘Projects are worth over ₹5 lakh crore’
Construction of over six lakh homes, valued at more than ₹5 lakh crore, is either fully stuck or delayed across seven Indian cities as of mid-2021, as per a report by a realty consultant. These units are in projects in seven cities, which were unveiled on or before 2014, the report by Anarock Property Consultants said. The report classified 1.74 lakh homes, valued at ₹1.40 lakh crore, as ‘totally stuck’ and added that two-thirds of these units are priced below ₹80 lakh.
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