Builders cut project completion time by 20% in top 7 cities: Anarock

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Builders cut project completion time by 20% in top 7 cities: Anarock - Business Standard

Quick Summary:

In the last decade, the average time taken to complete smaller projects of less than 500 units across these seven cities was four years, while builders took 4.9 years to complete large projects of more than 500 units each.

Real estate developers across seven major cities are taking an average 18-20 per cent less time to complete a project because of tight regulations and the use of latest construction technologies, according to Anarock.

So, the average completion time across seven major cities has fallen by 18 per cent in small projects and 20 per cent in large projects during the period under review.