The growth of real estate depends upon many factors including entrepreneurship attributes and many other internal and external factors which affect the growth of the real estate markets. The construction sector is prone to many occurrences of risks. The construction sector is susceptible to several business threats. The risk associated with this sector is increased costs, extended delays, etc. This industry is evidencing several projects that are started with great initiative but are left unfinished due to several reasons indicating the causes such as a Mutual decision, cash crunch, financial indiscipline, or liquidation or the regulation announced from time to time by the government. Therefore, this article is all about identifying, classifying,and analysing the most significant risks with an emphasis on the financial and economic risk Keywords:- Incomplete projects, financial risks, construction projects, risk management, real estate development.