Post-election legacy of Rs 2.17 crore housing wedged in Mumbai

By Across States News Team| April 15, 20190

Ahead of the Lok Sabha elections, if there is one legacy that the government in power post will not look forward to, it is undertaking the issue of the huge load of stuck housing in the city. Of the total 5,61,100 delayed housing units (launched before or during 2013) in India, 1,92,100 are from the Mumbai Metropolitan Region. Even as the total worth of the delayed units is Rs 4,51,750 crore, the figure in MMR stands at Rs 2,17,550 crore — the highest in the country showed a report by Anarock Property Consultants.

As per ANAROCK data, the top 7 cities currently have a total of 5.6 lakh delayed housing units worth a whopping Rs 4,51,750 crore. These units were launched either in 2013 or before that. Lakhs of buyers across top cities — particularly MMR and NCR — have been left in limbo.

The report further states that top cities like NCR and MMR collectively account for 72 per cent of total delayed housing units across the top 7 cities worth Rs 3,49,010 crore – nearly 77 per cent of the total worth of the stuck projects. In comparison, the southern cities of Bengaluru, Chennai and Hyderabad together account for a mere 10 per cent of the overall stuck housing units of a total worth of Rs 41,770 crore. The southern cities have predominantly been driven by


Sanjay M Bhaire

(Editor-In-Chief, Across State, Across Mumbai News)



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