Hyderabad Tops In Residential Project Execution

Hyderabad realty continues to show its strength. Earlier this month, a JLL India report showed that the city topped in both office space absorption and new completions in the country. The city has now emerged as the real estate market with least delayed/stalled residential projects among the top seven cities, with only 2,400 units in the city falling in this category out of the total 4.54 lakh units, accounting for a negligible 0.5 per cent, according to JLL.

On the contrary, about 83.8 per cent of these units are present in two major metro cities—Delhi NCR (61.8 per cent) and Mumbai (22 per cent). Bengaluru accounts for 6.3 per cent, Kolkata 3.9 per cent, Pune 3.6 per cent and Chennai 1.9 per cent. In value terms, these projects stand at a whopping Rs 4.62 lakh crore, and Delhi NCR and Mumbai again account for nearly 90 per cent of it.