[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
As many as 462 infrastructure projects, each worth Rs 150 crore or more, have been hit by
cost overruns totalling more than Rs 4.36 lakh crore, according to a report. The Ministry of
Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore
and above. Of the 1,737 such projects, 462 reported cost overruns and 557 were delayed.
"Total original cost of implementation of the 1,737 projects was Rs 22,33,409.53 crore and
their anticipated completion cost is likely to be Rs 26,69,649.35 crore, which reflects overall
cost overruns of Rs 4,36,239.82 crore (19.53 per cent of original cost)," the ministry's latest
report for March 2021 said.
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