Hitec City Homebuyers Face Costly Delays as 63000 Hyderabad Units Stall

Delivery of nearly 63,000 housing units in Hyderabad, including key high-rise projects in Hitec City, has been delayed by at least another year. According to property consultancy Anarock Group, these delays affect projects originally scheduled for handover in late 2025 or the first half of 2026, accounting for nearly 10 percent of India's delayed housing stock.

The ongoing delays are driven by supply chain and logistics disruptions stemming from the Middle East conflict, which have caused shortages of imported construction materials and rising input costs. These delays have placed a heavy financial burden on local homebuyers, many of whom are forced to pay monthly home loan EMIs while simultaneously paying rent for their current housing.

In Hitec City, Dr. Sai Ravi Shankar, president of the Federation of Gated Communities, Cyberabad, reported that he paid Rs 2.2 crore in 2022 for a 3,300-square-foot flat after being assured of a 2025 delivery. However, construction on the 38-storey high-rise is progressing slowly, with little indication of completion before March 2027. He noted that developers are failing to pay the RERA-mandated delay compensation of Rs 25 per square foot per month.

Another buyer, T. Sanjeev Prakash of Kothaguda, reported a similar situation. Having paid Rs 1.8 crore for a flat in Kondapur, he remains in a rented house paying Rs 50,000 monthly, alongside his EMI payments, after waiting over four years for possession.

Developers, represented by CREDAI Hyderabad, have requested a one-year extension from the Real Estate Regulatory Authority (RERA). N. Jaideep Reddy, president of CREDAI Hyderabad, stated that finishing works such as tile laying, electrical supplies, and elevator installations have slowed due to delayed imports. He advised buyers to expect delays of nine months to a year.

In addition to import disruptions, developers cited an acute labor shortage, as many construction workers who returned to West Bengal during the Assembly elections have not yet returned. Currently, RERA data shows that nearly 3,000 residential projects are under construction in the Greater Hyderabad area, and the regulator has registered over 2,000 complaints regarding delivery delays.