Over 4.22 Lakh Homes in Top 7 Cities to Be Completed in 2021 May Face Delay

At least 28% of the total units to be ready by year-end are in NCR, followed by 26% in MMR, 18% in Pune
Of total ~4.22 lakh units expected to be delivered by year-end, at least 40% are in affordable segment priced INR 1.5 Cr
1st lockdown saw construction activity come to a complete halt; with no outright ban, current localized lockdowns & restrictions less crippling for construction but disruptions in raw materials supply chain may cause some delay
Mumbai, 18 May 2021: Latest ANAROCK data reveals that over 4.22 lakh units are scheduled to be completed by 2021-end across the top 7 cities. Of this, NCR would see the maximum completions with a nearly 28% share, followed by MMR with 26% and Pune with approx. 18%. There could be some delay due to restrictions and disruptions in the supply chain amid the second COVID-19 wave.

Notably, 72% of the total homes to be delivered by 2021-end are already sold out (just 28% remain unsold). If the fallout of the second COVID-19 wave does not impact construction activity again, the top 7 cities will have approx. 1.18 lakh homes available for purchase by year-end. Once-bitten-twice-shy homebuyers’ preference continues to be skewed towards ready-to-move homes which mitigate construction risks and project delays.

In terms of budget categories – of over 4.22 lakh homes to be delivered by 2021-end, 40% (approx. 1.69 lakh units if completed) are in the affordable segment priced INR 1.5 Cr)
In MMR, 1,0,9940 units are scheduled for completion during the year, of which 40% is in affordable segment, 24% in the mid segment, 18% in premium, and 17% in the luxury category.
Pune has 74,020 units scheduled for completion anytime during 2021. Of this supply, at least 59% is in the affordable segment, 30% in the mid segment, 9% in premium, and just 2% in the luxury segment.
In Bengaluru, 56,650 units are scheduled for completion in 2021 of which just 11% is in affordable segment, 56% is in the mid segment, 23% in the premium category and 9% in the luxury category.
Kolkata has 27,470 units scheduled for completion in 2021. Of this, at least 65% is in the affordable segment, 26% in the mid segment, 5% in premium, and just 3% in the luxury segment.
In Chennai, 21,830 units are scheduled for completion during the year. Of this, 34% is in the affordable segment, 47% in the mid segment, 14% in the premium category, and just 5% in the luxury category.
Hyderabad has 15,860 units scheduled for completion during 2021. Of this, just 6% is in the affordable segment, 37% in the mid segment and 43% in the premium segment. At least 14% is in the luxury segment.