Overall, gross sales of residential properties in Delhi-NCR dipped 9 per cent to fifteen,650 items in the primary quarter of this 12 months from 17,160 items in the corresponding interval of the earlier 12 months. (Representative picture)
Real property guide Anarock’s knowledge exhibits that housing gross sales in Gurugram’s major market (first sale) declined 12 per cent to eight,550 items in the January-March interval this 12 months from 9,750 items in the 12 months-in the past interval
Housing gross sales in Gurugram fell 12 per cent 12 months-on-12 months in January-March, whereas the demand for residential properties elevated in Noida by 19 per cent, in line with Anarock. Real property guide Anarock’s knowledge confirmed that housing gross sales in Gurugram’s major market (first sale) declined 12 per cent to eight,550 items in the January-March interval this 12 months from 9,750 items in the 12 months-in the past interval. In distinction, Noida noticed a 19 per cent improve in housing gross sales to 1,600 items throughout January-March this 12 months from 1,350 items in the corresponding interval of the earlier 12 months.
Commenting on the development, Anarock Vice Chairman Santhosh Kumar mentioned, “The demand continues to be strong in Gurugram. Still, sales dipped in the IT city due to a fall in new supply. Many builders did not get approvals to launch projects”. There can be extra launches of housing initiatives in Gurugram after the Lok Sabha election, he added. As per the info, housing gross sales in Greater Noida declined by 19 per cent to 2,350 items throughout the first quarter of this calendar 12 months in opposition to 2,900 items in the 12 months-in the past interval. Ghaziabad, Faridabad, Bhiwadi and Delhi collectively noticed gross sales of three,150 items in January-March in comparison with 3,160 items in the identical interval final 12 months.
Overall, gross sales of residential properties in Delhi-NCR dipped 9 per cent to fifteen,650 items in the primary quarter of this 12 months from 17,160 items in the corresponding interval of the earlier 12 months. On the demand state of affairs of the Delhi-NCR housing market, realty agency Krisumi Corporation MD Mohit Jain mentioned, “Gurugram remains one of the most preferred destinations for luxury properties, particularly for high-networth individuals”. Yash Miglani, MD of Noida-based realty agency Migsun Group, mentioned Noida has been a distinguished area in Delhi-NCR for consumers and builders.
He attributed the rise in gross sales in Noida to bulletins of many infrastructure initiatives, together with Jewar Airport. Miglani mentioned the development would proceed, and the Noida market will see robust gross sales in the approaching months.
Vishal Raheja, founder and MD of housing brokerage agency InvestoXpert.com, mentioned, “Noida’s growth signals its resilience and attractiveness to buyers, buoyed by strategic infrastructure development and affordability”. Shiwang Suraj, founder and Director of housing brokerage agency InfraMantra, mentioned, “We are witnessing an important transition with demand moderating, influenced by fewer new housing launches”. The Delhi-NCR market is witnessing launches of extra premium initiatives, and this development will turn out to be extra pronounced in 2024, Suraj mentioned.
