News Analysis

Delivery of 1.5M homes across 7 major cities is delayed by 14-30 months

Business Standard recently had an article about research compiled by PropEquity focusing on delays in project construction and possession. The report states a delay of 14-30 months can be observed across all major cities for projects that started 2008-2010. The report further states builders are now changing the completion clause in buyer agreements from 3 years to 5 years. Hopefully, this results in better “on-time possession” batting average but, part of me is afraid, it could result in even longer delays than we see today.

In the same news article, a real estate executive claims government approvals and litigation issues are contributors to project delays.

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Check out the news article here: 

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