Housing projects are facing delays worth 3.3 Lakh crore.

4.65 lakh units, worth over Rs.3.3 Lakh crore, are facing significant execution delays across major Indian cities. This delay is attributed to sales slowdown, cash crunch facing developers and issues related to project approvals.

As many as 1,687 projects, comprising 4,65,555 units with a saleable area of nearly 600 million sq ft, are significantly behind delivery schedule, it said.