Large projects took 6 years on average to be completed: Report
Real estate projects in NCR and MMR took maximum time for completion, says report
One of the biggest issues that homebuyers face across the country is inordinate delays in project completion. The worst sufferers, however, are homebuyers from the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR). The average project completion time is the highest in these cities compared to others, according to a report from Anarock Research. Around 2.3 million units have been launched between 2013 and September 2020 across the top seven cities—Bengaluru, Chennai, Pune, Kolkata, NCR, MMR, Pune—and out of these, around 34% (approximately 792,000 units) have been completed so far, said the report.