Realty project completion gets faster now, thanks to tech & stricter rules

Real estate developers in New Delhi have reduced project timelines since 2014, completing them in five years instead of six. This improvement is driven by modern construction technology and the Real Estate Regulatory Authority (RERA). According to Anarock, smaller projects (under 500 units) now take four years, while larger ones take about 4.9 years. Large and listed developers, holding a 34% market share, ensure timely deliveries. Southern cities like Chennai (3.6 years) and Hyderabad (4.2 years) excel in quick completions, unlike northern cities including NCR, which face delays due to weather and statutory restrictions.