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| Anand Dhumal/Unsplash |
Reports throw light on a heartening piece of news from the Pune real estate market.
What: In 9 months, the city has seen 3,850 delayed or stuck housing units being completed. Examine it against the backdrop of 4.80 lakh delayed/stuck units worth INR 4.48 lakh crore (country-wide) and you’ll understand with delay.
With Pune coming out of the woods, its current stuck tally stands at 44,250 units. Btw, many of these homes were stuck even before the MahaRERA was born in 2016.
Positives worth mentioning
➕ Developers are walking the extra mile for completing projects, meeting rising demand for ready-to-move units.
➕ 36,830 homes being completed in India’s top-7 cities in the first five months of 2022.
➕ Consistent housing demand despite higher input costs and increasing home loan rates.
The ideal future
🎯 Completion of stuck projects throughout the country on a mega scale, especially in the NCR, which is the biggest laggard in this category.
🎯 More reputed developers taking over stuck or stressed projects and completing them, backed by the SWAMIH Fund and NBCC.