Over six lakh NCR homes miss delivery date

Over six lakh houses are running behind the delivery schedule in the National Capital Region (NCR), with almost a third or nearly two lakh lagging by more than two years, data compiled by a real estate rating and research firm has found. A majority of the delayed houses in the NCR are in Noida, Greater Noida and Gurgaon, according to Liases Forras, the real estate research firm. While the NCR tops the list among 43 cities, the Mumbai Metropolitan Region is second where 1.31 lakh houses are delayed by more than two years. According to the data, every third house delayed by more than two years across the country is in the NCR and one in four such houses is in the Mumbai region. The data shows that about 29.23 lakh houses under construction are delayed and more than 50% of these are delayed by at least one year or more. Besides the NCR and Mumbai, Chennai, Pune and Bengaluru have a large number of houses delayed by more than two years. The analysis comes at a time when real estate developers' lobbies are trying hard to keep ongoing or unfinished projects out of the ambit of the Real Estate Regulation Act (RERA). This also negates the claim of some builders' associations that their members were delivering houses on time and hence there was a need to relook at RERA applicability to incomplete projects.