Actual property advisor Anarock’s information confirmed that housing gross sales in Gurugram’s major market (first sale) declined 12 per cent to eight,550 models within the January-March interval this yr from 9,750 models within the year-ago interval.
In distinction, Noida noticed a 19 per cent improve in housing gross sales to 1,600 models throughout January-March this yr from 1,350 models within the corresponding interval of the earlier yr.
Commenting on the development, Anarock Vice Chairman Santhosh Kumar stated, “The demand continues to be sturdy in Gurugram. Nonetheless, gross sales dipped within the IT metropolis as a result of a fall in new provide. Many builders didn’t get approvals to launch tasks”.
“There could be extra launches of housing tasks in Gurugram after the Lok Sabha election,” he added.
As per the info, housing gross sales in Larger Noida declined by 19 per cent to 2,350 models through the first quarter of this calendar yr towards 2,900 models within the year-ago interval.
Ghaziabad, Faridabad, Bhiwadi and Delhi collectively noticed gross sales of three,150 models in January-March in comparison with 3,160 models in the identical interval final yr.
Total, gross sales of residential properties in Delhi-NCR dipped 9 per cent to fifteen,650 models within the first quarter of this yr from 17,160 models within the corresponding interval of the earlier yr.
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On the demand situation of the Delhi-NCR housing market, realty agency Krisumi Company MD Mohit Jain stated, “Gurugram stays one of the most popular locations for luxurious properties, notably for high-networth people”.
Yash Miglani, MD of Noida-based realty agency Migsun Group, stated, Noida has been a outstanding area in Delhi-NCR for consumers and builders.
He attributed the rise in gross sales in Noida to bulletins of many infrastructure tasks, together with Jewar Airport.
Miglani stated the development would proceed, and the Noida market will see sturdy gross sales within the coming months.
Vishal Raheja, founder and MD of housing brokerage agency InvestoXpert.com, stated, “Noida’s progress indicators its resilience and attractiveness to consumers, buoyed by strategic infrastructure improvement and affordability”.
Shiwang Suraj, founder and Director of housing brokerage agency InfraMantra, stated, “We’re witnessing an vital transition with demand moderating, influenced by fewer new housing launches”.
“The Delhi-NCR market is witnessing launches of extra premium tasks, and this development will develop into extra pronounced in 2024,” Suraj stated.
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