Average time to complete large residental projects dip 20 percent in last decade 

The last decade (2014-H1 2024) has seen homebuyers' wait for possession in large under-construction projects in the top seven cities reduce to 4.9 years, from 6.1 years in the 2010-2019 period, according to Anarock data. For all large projects launched and completed between 2014 and H1 2024, the average compeltion time was lowest in Chennai with 3.6 years, while Hyderabad and Bangalore clocked in at 4.2 and 4.8 years respectively. In NCR, extreme weather conditions and the statutory restrictions imposed on construction when the pollution levels rise also play affect construction timelines in the region. Most developers have gradually reduced their  leverage and with stronger financial conditions, are able to focus on execution. In Kolkata, large projects launched and completed between 2014 to H1 2024 took the longest average time to complete, at 5.7 years while in Mumbai Metropolitan Region (MMR), it took an average of 4.7 years to complete small projects, and around 5.2 years for large projects. In Pune, the average project completion time was 4.3 years for small projects, and 5.4 years for large ones. In Chennai and Hyderabad, the average completion time for small projects was 3 years and 3.1 years respectively, and 3.6 and 4.2 years for large projects, respectively. In Bangalore, it was 3.5 years for small projects and 4.8 years for large ones.

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