Nearly 2,000 Housing Projects Stalled in India

21 Aug 2024 CW Team

Key Highlights:

Extent of Stalled Projects: The report reveals that 1,998 housing projects are stalled across various cities, affecting a substantial number of residential units. The majority of these stalled projects are located in metropolitan regions, where demand for housing is typically high.

Cities Affected: Among the 42 cities identified in the report, major urban centers like Delhi-NCR, Mumbai, and Bengaluru are among the worst affected. These cities have seen a significant number of projects either delayed indefinitely or completely stalled, exacerbating the housing shortage in these areas.

Causes of Delays: Several factors contribute to the stalling of these housing projects. Key issues include financial constraints faced by developers, regulatory hurdles, land acquisition challenges, and delays in obtaining necessary approvals. Additionally, the ongoing economic uncertainties have further strained the real estate sector.

Impact on Homebuyers: The stalling of these projects has left thousands of homebuyers in a lurch, with many facing indefinite delays in the possession of their properties. This has also led to increased litigation and demand for government intervention to resolve the issues.

Sectoral Challenges: The report highlights the broader challenges within the real estate sector, including liquidity issues, high levels of unsold inventory, and the need for improved regulatory frameworks to ensure timely project completion.

Government Intervention: There is a growing call for government intervention to address the issue of stalled projects. Potential measures include providing financial support to distressed developers, streamlining regulatory processes, and implementing stricter enforcement of project timelines.

The PropEquity report underscores the need for systemic reforms in the real estate sector to prevent further stalling of housing projects and to protect the interests of homebuyers.

According to a report by PropEquity, nearly 2,000 housing projects across 42 cities in India are currently stalled, impacting a total of 5.08 lakh housing units. This significant number of delayed projects highlights ongoing challenges in the real estate sector, particularly in timely project execution and delivery. Key Highlights: Extent of Stalled Projects: The report reveals that 1,998 housing projects are stalled across various cities, affecting a substantial number of residential units. The majority of these stalled projects are located in metropolitan regions, where demand for housing is typically high. Cities Affected: Among the 42 cities identified in the report, major urban centers like Delhi-NCR, Mumbai, and Bengaluru are among the worst affected. These cities have seen a significant number of projects either delayed indefinitely or completely stalled, exacerbating the housing shortage in these areas. Causes of Delays: Several factors contribute to the stalling of these housing projects. Key issues include financial constraints faced by developers, regulatory hurdles, land acquisition challenges, and delays in obtaining necessary approvals. Additionally, the ongoing economic uncertainties have further strained the real estate sector. Impact on Homebuyers: The stalling of these projects has left thousands of homebuyers in a lurch, with many facing indefinite delays in the possession of their properties. This has also led to increased litigation and demand for government intervention to resolve the issues. Sectoral Challenges: The report highlights the broader challenges within the real estate sector, including liquidity issues, high levels of unsold inventory, and the need for improved regulatory frameworks to ensure timely project completion. Government Intervention: There is a growing call for government intervention to address the issue of stalled projects. Potential measures include providing financial support to distressed developers, streamlining regulatory processes, and implementing stricter enforcement of project timelines. The PropEquity report underscores the need for systemic reforms in the real estate sector to prevent further stalling of housing projects and to protect the interests of homebuyers.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..