<p>China Evergrande Group said on Tuesday it has resumed work on 631 pre-sold and undelivered projects as the debt-laden real estate developer looks to meet its property delivery target for this year.</p>.<p>The company said earlier this month that it aims to deliver 300,000 units this year, after delivering 256,000 between January and November.</p>.<p>Evergrande, which has been scrambling to raise funds it needs to pay its many lenders and suppliers, said it will continue to engage with its offshore creditors and hopes to reach a consensus on the terms of a restructuring plan.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/debt-laden-china-evergrande-gives-back-land-sites-to-wuhan-city-1164610.html" target="_blank">Debt-laden China Evergrande gives back land sites to Wuhan city</a></strong></p>.<p>Once China's top-selling property developer, Evergrande has been at the centre of a deepening debt crisis that has seen multiple developers default on offshore debt obligations over the past year, leaving many negotiating restructuring.</p>.<p>Reuters reported earlier this month that Evergrande's electric vehicle unit suspended mass production of its only model because of a lack of new orders.</p>.<p>In late October the company had made deliveries of 100 'Hengchi 5' vehicles. As of Dec. 7, the number of deliveries were unchanged, Evergrande said.</p>.<p>The company reported contracted sales of 29.12 billion yuan ($4.18 billion) in the first eleven months of the year.</p>
<p>China Evergrande Group said on Tuesday it has resumed work on 631 pre-sold and undelivered projects as the debt-laden real estate developer looks to meet its property delivery target for this year.</p>.<p>The company said earlier this month that it aims to deliver 300,000 units this year, after delivering 256,000 between January and November.</p>.<p>Evergrande, which has been scrambling to raise funds it needs to pay its many lenders and suppliers, said it will continue to engage with its offshore creditors and hopes to reach a consensus on the terms of a restructuring plan.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/debt-laden-china-evergrande-gives-back-land-sites-to-wuhan-city-1164610.html" target="_blank">Debt-laden China Evergrande gives back land sites to Wuhan city</a></strong></p>.<p>Once China's top-selling property developer, Evergrande has been at the centre of a deepening debt crisis that has seen multiple developers default on offshore debt obligations over the past year, leaving many negotiating restructuring.</p>.<p>Reuters reported earlier this month that Evergrande's electric vehicle unit suspended mass production of its only model because of a lack of new orders.</p>.<p>In late October the company had made deliveries of 100 'Hengchi 5' vehicles. As of Dec. 7, the number of deliveries were unchanged, Evergrande said.</p>.<p>The company reported contracted sales of 29.12 billion yuan ($4.18 billion) in the first eleven months of the year.</p>