chennai more than 174 lakh homes worth rs 177 lakh crore in 220 projects launched before 2014 across the top seven cities in india are stalled with zero construction activity says a report by realty firm anarock almost 66 of the stalled units numbering about 115 lakh units have already been sold the net estimated value of these units is rs 111 lakh crore the report addedthe number is still higher at 576 lakh units worth rs 464 lakh crore if one were to include delayed and heavily delayed projects launched before 2014 as well the report saidinterestingly chennai has very few stalled units with less than 100 apartments the meagre number of stalled units in chennai is a strong testimony to the citys fabled conservativeness and enduserfocus in real estate development said anarock property consultants chairman anuj puri however like most other cities chennai too has a sizeable number of delayed projects around 10000 housing units worth rs 6500 crore launched in 2013 or before are pending completion in chennai as per the report among the seven major cities national capital region ncr mumbai municipal region mmr bengaluru chennai hyderabad pune and kolkata only hyderabad has lesser number of delayed projects than chennai but with hyderabad has 4150 stalled projects even hyderabad is denied the status of a safe haven for home buyersthe ncr which is home to many stuck projects like amrapali tops the list with close to 12 lakh stalled housing units followed by mmr 38060 and pune 9650 units most projects are grounded either due to liquidity crisis or litigation the ncr and mmr lead the way in delayed projects too with each of the two cities accounting for more than 2 lakh units pune with 95000 units has the third highest number of delayed projectsliquidity crisis especially for nbfcs has a direct link to hurdles faced by developers in completing projects the nbfc crisis in late 2018 hit the alreadyailing realty sector hard and brought to a screeching halt once more whatever optimism and growth the residential segment was beginning to see said puri adding that despite some developers having necessary approvals as well as the will to complete them lack of funds held the entire situation hostagethe countrys realty sector has a lot to worry about and hope for the freedom to buy homes has turned into shackles for many on account of projects getting stalled said the report amidst all the negatives the distinct identity and incentives extended to the affordable housing segment should help revive the sector puri felt rental housing got its first tangible push when the country brought out a draft model tenancy act this year it would go a long way in defining both parties rights and obligations the chairman said