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2.78 Lakh Homes Completed in 2021, Over 3.85 Lakh to Complete in 2022

* Of the top 7 cities, NCR saw maximum completions in 2021 (approx. 86,590 units); MMR completed approx. 70,490 units, Pune approx. 46,090

* Bengaluru, Hyderabad, & Chennai together completed approx. 63,870 units in 2021

* Approx. 1.24 lakh units to be completed in NCR in 2022, MMR targets completion of 70,600 units

Despite the cataclysmic second Covid-19 wave in H1 2021, approx. 2.78 lakh units were completed across the top 7 cities in 2021, against over 2.14 lakh units in 2020, according to latest ANAROCK Research data. Of the total completed homes in 2021, the maximum completions were in NCR with approx. 86,590 units - almost 84% more than in 2020 when approx. 47,160 units were completed.

* In MMR, approx. 70,490 units got completed in 2021, against 54,720 units in 2020

* Pune saw approx. 46,090 units completed in 2021, against 40,840 units in 2020

* Bengaluru, Hyderabad, and Chennai collectively saw approx. 63,870 units completed in 2021, against 59,730 units in 2020

* Kolkata saw over 11,620 units completed in 2021, against 11,920 units in 2020.

Anuj Puri, Chairman – ANAROCK Group says, “Our data also indicates that 3.85 lakh units are scheduled to be completed across the top 7 cities in 2022. Given that the construction activity across most cities was, and will hopefully remain, least impacted during the ongoing third wave, most completions in 2022 may be as per schedule. Certainly, developers are committed to complete previously launched projects before launching new ones.”

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