Gurgaon Leads in Housing Sales, Noida in New Launches
Cities in Delhi NCR boasted of 10,220 units in the third quarter this year compared to 5,210 units during the same period the previous year, as per the latest report of real estate consultants Anarock. The cities, including Gurgaon, Noida, Ghaziabad and others, together witnessed a 96% increase in housing sales, 24% more new launches and a 3% decrease in unsold inventory. While the previous third quarter saw 6,810 launches in these cities, the latest quarter saw 8,420 launches. Gurgaon leads the jump in housing sales with a 129% increase, from 1,680 units sold in Q3 2020 to 3,850 units in Q3 2021, followed by Noida which saw a 116% increase, from 670 units to 1,450 units. Noida is followed by Delhi (100%), Ghaziabad (84%) and Greater Noida (58%). As far as new launches are concerned, Noida saw the biggest jump, of 415%, with 1,030 launches this quarter compared to 200 launches during the same period last year. Gurgaon (74%) stood second with 5,510 launches in Q3 2021 against 3,170 launches in the last quarter. Among key trends was a big demand for 4BHK or large spaces in the residential sector where consumers opted for quality work with great community-building amenities. Noida Expressway, because of the location, got the best traction.
Tags : News/Views Ghaziabad Delhi-NCR Gurgaon Noida Housing sales unsold inventory Noida Expressway