Post-election inheritance of Rs 2.17 crore housing stuck in Mumbai

Mumbai | Monday | 15th April, 2019

Summary:

Of the total 5,61,100 delayed housing units (launched before or during 2013) in India, 1,92,100 are from the Mumbai Metropolitan Region. As per ANAROCK data, the top 7 cities currently have a total of 5.6 lakh delayed housing units worth a whopping Rs 4,51,750 crore. While the total worth of the delayed units is Rs 4,51,750 crore, the figure in MMR stands at Rs 2,17,550 crore — the highest in the country showed a report by Anarock Property Consultants. If there is one 'inheritance' that the government in power post the upcoming elections will not look forward to, it is tackling the issue of the massive burden of stuck housing in the city. In comparison, the southern cities of Bengaluru, Chennai and Hyderabad together account for a mere 10 per cent of the overall stuck housing units of a total worth of Rs 41,770 crore..