Chennai Leads in Project Completions.
In a market where execution risks are a prime focal point, the Southern markets - Chennai, Bengaluru, and Hyderabad - have been remarkably resilient. Latest Anarock research reveals that out of the total new housing unit launches in each top city between 2013 till Q3 2020, Chennai has the highest share of ready/completed homes at
In a market where execution risks are a prime focal point, the Southern markets - Chennai, Bengaluru, and Hyderabad - have been remarkably resilient. Latest Anarock research reveals that out of the total new housing unit launches in each top city between 2013 till Q3 2020, Chennai has the highest share of ready/completed homes at 61% of its total inventory, followed by Bengaluru with 48% and Hyderabad at 44%.Chennai saw new launches of over 1.32 lakh units between 2013 and Q3 2020, of which 61% is already completed. In stark contrast, NCR saw over 5.54 lakh units of new supply launched in this period, of which just 26% units are completed. Altogether >23 lakh units were launched between 2013 and Q3 2020 across the top 7 cities, of which 34% (approx. 7.92 lakh units) is completed. Another 19% is scheduled to complete within the next 12 months, and another 19% between one to two years. Anuj Puri, Chairman -AnarockProperty Consultants says, “Predominantly driven by end-users from the IT/ITeS sector, the conservative housing markets of the Southern cities also benefit from the proactive project completion focus of developers active there.”
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