[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff of
Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to share
with you which is as undermentioned.
Homebuyers across top property markets, including the Delhi-National Capital Region
and Mumbai, continue to await delivery of their apartments which has made buyers
wary of under-construction properties.
Top seven property markets of India have a total stock of 5.6 lakh delayed housing units
worth Rs 451,750 crore, showed data frm ANAROCK Property Consultants. These units
were launched either in 2013 or before that.
Top cities such as the NCR and Mumbai Metropolitan Region (MMR) collectively account
for 72% of the total stuck housing units across the top 7 cities worth Rs 349,010 crore,
nearly 77% of the total worth of the stuck projects. In comparison, the main southern
cities -- Bengaluru, Chennai and Hyderabad -- together account for a mere 10% of the
overall stuck housing units of a total worth of Rs 41,770 crore.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/total-5-6-lakh-housing-units-delayed-across-indias-top-7-cities-report/articleshow/68789742.cms
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Have a nice day.