NEW DELHI: Over six lakh houses are working at the back of the delivery schedule in the National Capital Region (NCR), with virtually a 3rd or nearly two lakh lagging by way of greater than two years, data compiled by way of a real property rating and research company has discovered.
A majority of the delayed houses in the NCR are in Noida, Greater Noida and Gurgaon, in keeping with Liases Forras, the true property research company. While the NCR tops the list among 43 towns, the Mumbai Metropolitan Region is second where 1.31 lakh houses are delayed by way of greater than two years.
TOI had carried a report on November 13 on the delays, however it used to be a countrywide aggregate without any citywise break-up.
According to the data, every third house delayed by way of greater than two years across the country is in the NCR and one in four such houses is in the Mumbai area.
The data presentations that about 29.23 lakh houses below development are delayed and greater than 50% of these are delayed by way of no less than 12 months or more. Besides the NCR and Mumbai, Chennai, Pune and Bengaluru have a lot of houses delayed by way of greater than two years.
The analysis comes at a time when actual property builders' lobbies are trying laborious to keep ongoing or unfinished tasks out of the ambit of the Real Estate Regulation Act (RERA). This also negates the claim of a few developers' associations that their members had been delivering houses on time and therefore there used to be a wish to relook at RERA applicability to incomplete tasks.
The housing ministry has maintained that the law focuses on protective lakhs of people that have purchased houses spending their lifetime financial savings and are still looking ahead to houses.
"The law was brought to protect affected buyers and for future buyers. That's why RERA does not differentiate between incomplete and new projects. The Centre has submitted its view on this to the Bombay High Court," a government legit stated.
Pankaj Kapoor, managing director of Liases Foras, stated, "The present situation has been the fallout of investor driven market, more commitment by the developers rather than what they could deliver and it's arbitrary regulatory intervention such as stopping all construction activities in certain areas."
Sources in the housing ministry stated they have now sought the main points of delayed tasks from every state.
A majority of the delayed houses in the NCR are in Noida, Greater Noida and Gurgaon, in keeping with Liases Forras, the true property research company. While the NCR tops the list among 43 towns, the Mumbai Metropolitan Region is second where 1.31 lakh houses are delayed by way of greater than two years.
TOI had carried a report on November 13 on the delays, however it used to be a countrywide aggregate without any citywise break-up.
According to the data, every third house delayed by way of greater than two years across the country is in the NCR and one in four such houses is in the Mumbai area.
The data presentations that about 29.23 lakh houses below development are delayed and greater than 50% of these are delayed by way of no less than 12 months or more. Besides the NCR and Mumbai, Chennai, Pune and Bengaluru have a lot of houses delayed by way of greater than two years.
The analysis comes at a time when actual property builders' lobbies are trying laborious to keep ongoing or unfinished tasks out of the ambit of the Real Estate Regulation Act (RERA). This also negates the claim of a few developers' associations that their members had been delivering houses on time and therefore there used to be a wish to relook at RERA applicability to incomplete tasks.
The housing ministry has maintained that the law focuses on protective lakhs of people that have purchased houses spending their lifetime financial savings and are still looking ahead to houses.
"The law was brought to protect affected buyers and for future buyers. That's why RERA does not differentiate between incomplete and new projects. The Centre has submitted its view on this to the Bombay High Court," a government legit stated.
Pankaj Kapoor, managing director of Liases Foras, stated, "The present situation has been the fallout of investor driven market, more commitment by the developers rather than what they could deliver and it's arbitrary regulatory intervention such as stopping all construction activities in certain areas."
Sources in the housing ministry stated they have now sought the main points of delayed tasks from every state.
Over 6 lakh NCR homes miss delivery date
![Over 6 lakh NCR homes miss delivery date]()
Reviewed by Kailash
on
November 27, 2017
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