‘City developers fast in project completion’ 

CHENNAI: Real estate developers in Chennai can take pride that they are doing better than their counterparts in other major cities in completing residential projects. According to a study by Anarock property consultants, one of the leading real estate services companies, the completion of a residential project in Chennai takes around 4.1 years which is way ahead of Bengaluru, Hyderabad, Kolkata, Mumbai, Delhi and Pune.

A research by Anarock revealed that out of the total housing unit launches in each top city between 2013 till third quarter of 2020, Chennai has the highest share of ready or completed homes at 61 per cent of its total inventory, followed by  Bengaluru with 48 per cent and Hyderabad at 44 per cent.

The report states that Chennai saw new launches of over 1.32 lakh units between 2013 and third quarter of 2020, of which 61 percent is already  completed.  S  Sridharan, CREDAI chairman, Tamil Nadu Chapter, told Express that  Chennai is way ahead of other cities in compliance. The Builders Association of India state treasurer, S Ramaprabhu, said Chennai’s real estate sector could do much better than other cities in  coming days.