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Stalled Projects Impacting Housing Dreams Nationwide

In a troubling development for the Indian real estate market, over 1,600 housing projects have been stalled across the country, leaving more than 5 lakh families in limbo. This crisis has impacted a staggering 511,814 housing units, highlighting a significant issue in the sector.

Breakdown of Stalled Projects Across Major Cities

Tier I Cities:

  • Greater Noida: 74,645 units
  • Gurugram: 158 projects, 52,509 units
  • Noida: 103 projects, 41,438 units
  • Ghaziabad: 50 projects, 15,278 units
  • Faridabad: 16 projects, 7,060 units
  • New Delhi: 1 project, 900 units
  • Mumbai: 234 projects, 37,883 units
  • Navi Mumbai: 125 projects, 28,466 units
  • Thane: 186 projects, 57,520 units
  • Pune: 172 projects, 24,129 units
  • Bengaluru: 225 projects, 39,908 units
  • Kolkata: 82 projects, 24,174 units
  • Chennai: 92 projects, 21,867 units
  • Hyderabad: 25 projects, 6,169 units

Total for Tier I Cities:

  • Projects: 1,573
  • Units: 468,035

Tier II Cities:

  • Bhiwadi: 13,393 units
  • Lucknow: 13,024 units
  • Jaipur: 9,862 units
  • Bhopal: 7,500 units

Total for Tier II Cities:

  • Projects: 109
  • Units: 43,779

Grand Total Nationwide:

  • Projects: 1,682
  • Units: 511,814

The data, sourced from PropEquity, underscores the urgent need for intervention to address the stalled projects and help restore progress in the housing sector.

Also Read: MHADA to Host Webinar on August 19th to Guide Applicants for Mumbai Housing Lottery

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