Page 69 - CV June-July 2023 Issue

Anarock Vice Chairman Santhosh Kumar said, "As per scheduled Atul Banshal, Director Finance, Omaxe Ltd, said the company
completion records, approx. 5.6 lakh homes are likely to be delivered focuses on completion of projects and is delivering an average of 3-4
across the top 7 cities in 2023. This is an increase of 39 per cent over million square feet area every year.
the previous year."

As per the data, the maximum completion of housing projects is
expected in Delhi-NCR followed by Mumbai Metropolitan Region
(MMR).In Delhi-NCR, builders are likely to complete 1,70,100 homes
this year as against 86,300 units scheduled in the previous year.

The completion of homes in MMR is likely to be 1,31,400 units, as
against 1,26,700 units.Pune may see completion of 98,400 units, as
against scheduled delivery of 84,200 units during 2022.

The completion in Bengaluru is seen at 80,100 units this year, as
against scheduled 48,700 units in 2022.Kolkata is likely to witness
completion of 36,700 units this year, as against scheduled 23,200
units in the previous year. Realtors may complete 23,800 homes in
Hyderabad during 2023. They promised to complete 11,700 units in
the previous year.
In Chennai, the scheduled completion of homes is 17,400 units this
year, a decline from the scheduled completion of 21,200 homes in
the previous year. "The introduction of realty law RERA has weeded
out non-serious developers from the market, leaving only those who
are committed to delivering projects on time and ensuring customer
satisfaction," Signature Global Chairman Pradeep Aggarwal said.

CONSTRUCTION VISION 67 JUNE-JULY 2023