Delivery of 420k residential units may be delayed: Anarock report
Over 422,000 residential units that are scheduled to be completed by the end of 2021 across the top seven cities could face delays because of the second wave of the pandemic, said a report by Anarock Property Consultants.
Of the total, the Delhi National Capital Region (Delhi-NCR) accounts for 28 per cent of units, followed by the Mumbai Metropolitan Region with 26 per cent, and Pune region with 18 per cent share, the report said.
Seventy-two per cent of the homes to be delivered by year-end have already been sold. “If the fallout of the second Covid-19 wave does not impact construction activity again, the top seven cities will have around 118,000 homes available for purchase by year-end,” the report said. Of the total homes to be delivered, 40 per cent (around 169,000 units if completed) are in the affordable segment, priced Rs 40 lakh, 35 per cent (148,000 units) are in the mid-segment, priced Rs 40-80 lakh.
Anuj Puri, chairman of Anarock Property Consultants, said, “All the top cities have been affected, and it is likely that a part of these project deliveries will be pushed to 2022.”
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