The property market of Mumbai Metropolitan Region (MMR) has the second highest number of stuck housing units at 1,80,250, worth ₹2,02,145 crore.
Across seven major cities, as many as 5,02,340 housing units, worth ₹4,07,005 crore, were stuck at the end of last year.
As on 2019-end, 1,322 projects comprising 5.76 lakh units were stuck in various stages.
Commenting on the report, Anarock Chairman Anuj Puri said: "Project delays have been the bane of the Indian real estate sector over the last decade. Even the implementation of RERA had only a little impact on this".
Among other factors, the liquidity crunch threw up roadblocks for developers, which is why the government intervened with the creation of the Alternate Investment Fund (AIF) in late 2019 with a corpus of ₹25,000 crore, he said.
"This last-mile capitalization mechanism couched in the Special Window for Affordable & Mid-Income Housing (SWAMIH) fund has proved to be effective in getting stuck projects going again," Puri said.