Coronavirus lockdown to delay realty projects, affect sales, says Anarock

India Ratings and Research said on Wednesday that the lockdown imposed by state governments would hit infrastructure construction in the big cities

The pace of construction at property projects due to the ongoing lockdown will mean delays and also affect sales during the coming festivities, says Anarock Property Consultants.

It reckons 1.562 million units (launched between 2013 and 2019) are under construction in the top seven cities. Of this, the Mumbai Metropolitan Region and National Capital Region together comprise 57 per cent or 890,000.

“Both these regions already have a backlog of lakhs of delayed/stalled units. With construction activity almost coming to a standstill, home buyers will have to brace for another wave of delayed project deliveries,” said Prashant Thakur, director and