Top housing projects going nowhere; litigation, funding major issues

Ten big housing projects, all in big cities, are stuck owing to reasons such as developers’ bankruptcy or litigation, with the National Capital Region and Mumbai Metropolitan Region together accounting for 77 per cent of them.

Nearly 500,000 homes, worth Rs 4.48 trillion, were stuck in seven metro markets in the country as things stood at the end of May, according to Anarock Property Consultants.

Pune had a 9 per cent share of the delayed projects, and Kolkata 5 per cent, Anarock said.

Here’s a look at the top 10 stuck/stalled residential projects in the country on the