Gurugram has topped in both housing supply and absorption rate (used to determine how many homes are sold in a market at a particular time) in 2022 among all cities in the National Capital Region (NCR), according to a report released by Anarock, a real estate consultancy.
The report said that of the total 63,710 units sold in the NCR in 2022, Gurugram’s share was 51%, while its share of new launches across Delhi-NCR was a whopping 75%. According to the report, the city saw 32,620 new residential units sold in 2022, while the total sale of residential units in the NCR stood at 63,710, which was 51% of the entire residential stock in the NCR.
The number of new launches of residential units in Gurugram stood at 19,100, while the total units launched in the NCR stood at 25,355. City-based developers said that sales rose in 2022, and prices are also holding steady, and they are expecting the same trend this year.
Gurugram witnessed the sale of 15,590 residential units in 2021, which was 39% of the total 40,040units sold in the NCR. In 2020, the number of residential units sold in Delhi-NCR was 23,210 units, while the number of units sold in Gurugram stood at 7,240 units. In 2019, the city saw the sale of 13,244 residential units out of the 46,917 units launched in the NCR, which was 28% of the entire stock.
