629,000 homes valued at Rs 5 trn delayed or stalled in top-7 cities: Report

These projects were launched in 2014 or earlier. Nearly 28% (about 173,730) of these units are completely stalled, the report said

About 629,000 residential units have substantially delayed or completely stalled in the country's top 7 cities, says a new report.

At least 71 per cent of these delayed units fall within the Rs 80 lakh and under price bracket, 18 per cent in the premium segment, and 11 per cent in the luxury category, says the report by Anarock Property Consultants.

Launched in 2014 or earlier, the total value of the currently stuck/delayed housing stock exceeds Rs 5.05 trillion. Nearly 28 per cent (about 173,730) of these units are completely stalled, the report said.

NCR has overtaken the