Rs 1.4 lakh crore stuck in stalled housing projects; outlook bleak for these home buyers: Report

Faced with a debilitating cash crunch, builders and developers have not been able to complete real estate projects. Anarock says the outlook is bleak for people who booked units in these stalled projects.

Stalled projects in top six cities

The problem assumes larger proportions if we include delayed projects. An estimated 4.54 lakh homes are facing delayed delivery in the top seven cities. Valued at roughly Rs 3,64,802 crore, these should have been delivered to the owners by now.
Here too, the NCR and Mumbai Metropolitan Region top the charts.

Delayed projects in top seven cities

If the figures for stalled projects are added to delayed projects in these cities, the total number of units and the value shoots up

More than half of the total stuck and delayed stock is in the NCR, the highest in the top seven cities. Total stuck value is Rs 2,49,540 crore

MMR reduced its overall share with several projects getting completed in the last year. Currently, it has 28% of the total affected stock, with an estimated value of Rs 1,52,105 crore.

The combined value stuck in Hyderabad, Bengaluru and Chennai is 22% of the value stuck in NCR. The value stuck in 3 cities is Rs 56,420 crore.