Realty firms may complete nearly 5.58 lakh homes in 2023 across top 7 cities, says Anarock

Real estate developers in seven major Indian cities are expected to finish the construction of 558,900 homes this year, an increase of 39% from last year, as builders focus on meeting deadlines to avoid cost overruns, according to real estate consultant Anarock. Factors influencing the increase include better cash flow, a rise in housing sales, the use of new construction technologies and increased funding from financial institutions. The firm did not mention whether developers were able to meet their targeted schedules from last year but said the highest completion of housing projects is expected to take place in Delhi-NCR.

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