4.9-year wait for Indian homebuyer possession in large projects reduced from 6.1 years in 2010-2019 due to RERA, modern tech, and larger developers' market share.
Indian homebuyers' wait for possession in top cities' large under-construction projects has reduced to 4.9 years from 6.1 years in 2010-2019, according to a report by Anarock Group. The reduction in completion time is attributed to RERA regulations, modern construction technology, and larger developers' increasing market share. Chennai saw the highest reduction of 36%, while Mumbai experienced a 25% reduction.
July 14, 2024
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