Page 68 - CV June-July 2023 Issue
P. 68
REALTY FIRMS
MAY COMPLETE NEARLY
5.58 LAKH HOMES IN
2023 ACROSS TOP 7 CITIES
Real estate developers are expected to complete n the 2022 calendar year, 4,02,000 units were scheduled to be
nearly 5.58 lakh homes this year across seven completed. The consultant did not mention whether builders were
Iable to meet their 2022 target or not.
major cities as builders focus on accelerating the
pace of construction activities, according to Anarock said that the number of homes to be completed is higher
because of several factors including realty law RERA, better cash flow
Anarock. Real estate consultant Anarock's data
amid rise in housing sales, use of latest technologies in construction
suggests that 5,57,900 homes are scheduled for activities and also increased funding from financial institutions. The
completion during 2023. developers are trying to avoid delay in completion of projects as it
leads to cost overrun, the consultant added.
CONSTRUCTION VISION 66 JUNE-JULY 2023
