Stuck or delayed homes completed in the last 5 months
Real Estate

Stuck or delayed homes completed in the last 5 months

By December 2021, approximately 517,000 units, launched in 2014 or before, had been stuck in various stages of incompletion in the top seven cities. By May 2022-end, this has reduced to approximately ...
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

By December 2021, approximately 517,000 units, launched in 2014 or before, had been stuck in various stages of incompletion in the top seven cities. By May 2022-end, this has reduced to approximately 480,000 units. The total value of the current stuck or delayed housing stock exceeds Rs.448 tn. NCR saw maximum completions with approximately 16,750 units reaching the finish line; close to 240,610 units worth Rs.1,814.1 bn are still stuck or delayed. MMR came a distant second with approximately 5,300 units completed, followed by Bengaluru with 3,960 units. MMR and NCR currently account for 77 per cent of stuck or delayed units; south cities (Bengaluru, Chennai and Hyderabad) have just nine per cent overall share. Chennai has the least stuck or delayed units among the top seven cities with approximately.

Next Story
Infrastructure Urban

Bain Capital Invests in Dhoot Transmission Group to Accelerate Growth

Dhoot Transmission Group, a prominent manufacturer of automotive components, has announced a strategic growth investment from Bain Capital. This partnership with founder and CEO Rahul Dhoot will leverage Bain Capital's automotive expertise to drive innovation, expand global reach, and explore high-growth segments through acquisitions and partnerships.Founded in 1999, Dhoot Transmission Group specializes in manufacturing wiring harnesses for two-wheelers, three-wheelers, and other vehicles, including both internal combustion engine (ICE) and electric vehicle (EV) segments. The company has diver..

Next Story
Infrastructure Energy

Indian Oil Corp Eyes Sour Crude from Spot Market

Indian Oil Corporation (IOC), the largest oil refiner in India by capacity, is actively seeking to procure high-sulphur crude oil through spot tenders. This marks the company's first initiative to import sour crude oil since March 2022, according to insights shared by trade sources on Thursday. Sour crude, known for its higher sulphur content, is commonly used by complex refineries capable of processing such grades efficiently. In addition to the sour crude tender, IOC has also floated a separate tender for sweet crude oil, a variety with lower sulphur content that typically requires less int..

Next Story
Infrastructure Urban

Indian Carmakers Gear up for EV Push in 2025 Despite Global Slowdown

Automakers in India are preparing to launch nearly a dozen new electric car models this year, many targeting the premium market. These vehicles are expected to feature extended driving ranges and faster charging capabilities, aimed at attracting consumers amid a global slowdown in demand for electric vehicles (EVs). Electric cars are set to dominate India's five-day auto show in New Delhi starting Friday. The event will showcase models from Vietnamese newcomer VinFast, alongside domestic players such as Maruti Suzuki and Mahindra & Mahindra, as well as international competitors including BYD,..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000